There are reports that Adani Group has acquired 50.50 percent shares of IANS, India Private Limited.
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| Gautam Adhani |
Billionaire Gautam Adani-led Adani Group has acquired 50.5 percent stake in IANS, one of India's leading news agencies. The acquisition was announced on December 16, 2023,
In this regard, it is also informed that the shareholder agreement has been signed. However, the details of how much the company has been acquired have not been disclosed yet.
In March last year, the Adani Group acquired QuintileLion Business Media, which ran PQ, the prime digital news platform. Through this, the Adani Group entered the media business.
Subsequently, in December, 'NDTV' acquired nearly 65 percent of the shares in the company.
And by AMG Media Networks Limited, a subsidiary of Adani Enterprises. It is part of the Adani Group's expansion into the media sector.
It already owns and has a stake in the financial daily Business Standard. Many other media. The Adani Group also plays a major role in sectors such as ports, airports, energy, mining and infrastructure.
In this situation, now IANS has expanded its presence in the media segment by acquiring the company.