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That has raised questions as to whether there is more to the takeover plan than just expanding his business empire.Related Windows softwares Lemonade Tycoon Mr Adani is considered close to the prime minister and his party. Mr Modi, who has not held a press conference since he became prime minister, has given rare interviews to select media channels, but has never appeared on NDTV. NDTV has also been criticised of cosying up to the opposition political party, the Congress.īJP representatives have at times refused to participate in interviews and panel discussions on NDTV to protest against its editorial policies. The country's investigative agencies - the Enforcement Directorate, the Central Bureau of Investigation and the income tax department - have slapped multiple cases against the broadcaster and its founders. Since he came to power in 2014, NDTV has faced a number of charges - from money laundering to tax evasion. Unsurprisingly, NDTV has often been in the crosshairs of Mr Modi's administration and his Bharatiya Janata Party (BJP). In a television news market which has increasingly been taken over by corporates, NDTV has stood its ground.įounded by media barons Radhika Roy and Prannoy Roy, who are journalists themselves, NDTV is seen as one of the few media groups that often takes a critical view of Mr Modi's government and its policies.
Mr Adani has a net worth of $135bn (£114.3bn) and is the richest man in Asia, according to the Bloomberg Billionaires Index.Īnalysis by Archana Shukla, India business correspondent The group operates three national channels and news websites.Īdani Group did not immediately respond to a BBC request for comment on Wednesday. Books shelved as fairy-godmother-tycoon: Counting Backwards: A Doctors Notes on Anesthesia by Henry Jay Przybylo, Heart Bones by Colleen Hoover, Malibu. We continue to proudly stand by that journalism," the company said in a statement. "NDTV has never compromised on the heart of its operations - its journalism. Responding to the bid, NDTV said it was only made aware of Mr Adani's intentions on Tuesday.
"With its leading position in news and its strong and diverse reach across genres and geographies, NDTV is the most suitable broadcast and digital platform to deliver on our vision," he added. "AMNL seeks to empower Indian citizens, consumers and those interested in India, with information and knowledge," Mr Pugalia added. The takeover was "a significant milestone in the journey of AMNL's goal to pave the path of new age media across platforms," AMNL chief executive Sanjay Pugalia said. AMNL added that it would also launch an open offer for another 26% of NDTV, which if successful would give it a majority stake of the news outlet.
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