India’s Adani Enterprises says regulatory curbs do not apply to NDTV promoter group

2022.08.26 07:10

FILE PHOTO: Indian billionaire Gautam Adani speaks during an interview with Reuters at his office in the western Indian city of Ahmedabad in this April 2, 2014 file photo. REUTERS/Amit Dave

BENGALURU (Reuters) – Adani Enterprises said on Friday that regulatory restrictions are not applicable to New Delhi Television Ltd’s top shareholder RRPR Holding Private Limited in the conglomerate’s bid to take over the news network.

NDTV on Thursday sought to block billionaire tycoon Gautam Adani’s attempt to acquire a majority stake in the news network, saying regulatory restrictions meant the bid could not proceed. nL4N3010TU

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