Billionaire Adani raises stake in NDTV via open offer to become largest shareholder

Billionaire Adani raises stake in NDTV via open offer to become largest shareholder

Adani group chairman Gautam S. Adani. Photographer: Tomohiro Ohsumi/Bloomberg

Indian billionaire Gautam Adani‘s conglomerate on Monday raised its stake in New Delhi Television Ltd to more than 37% through an open offer, making it the biggest shareholder of one of the country’s most popular news networks.