Adani purchase of NDTV founders' stake may test acquisition rules

The sweetener offered by billionaire Gautam Adani’s conglomerate to the once-defiant founders of NDTV could test India’s takeover regulations that require all shareholders to be paid the same price by an acquirer. Founders Prannoy Roy and Radhika Roy sold 27.26% of their equity in NDTV to Adani-controlled RRPR Holding Pvt. at 342.65 rupees ($4.1426) per share, according to an exchange filing Friday. https://ift.tt/j6dH4Dh