“AMG Media Network, following the recent open offer, is now the largest shareholder in NDTV. Consequently, by mutual agreement, we have decided to sell majority of our shares in NDTV to AMG Media Network,” the founders said in a statement. ,
NDTV’s acquisition of the port-to-energy conglomerate sparked fears among some journalists that one of the country’s last bastions of free media was under threat. Ravish Kumar, a senior executive editor at NDTV, resigned soon after Adani acquired the entity backed by NDTV’s founders. read more
“Since the launch of the open offer, our discussions with Gautam Adani have been constructive; he has accepted all suggestions made by us positively and with openness.”
It was not immediately clear what the discussions and suggestions were. Radhika and Prannoy Roy did not immediately respond to requests for comment.