Adani becomes NDTV’s single largest stakeholder despite bagging just a third of shares targeted via open offer

NDTV’s takeover by a major corporate such as Adani is being seen as a turning point for Indian media, where most top channels are owned by leading conglomerates. After the end of a 13-day open offer, Gautam Adani has managed to bag only a third of the intended 1.67 crore shares, with investors tendering 53.2 lakh stocks.