Adani Group ups ownership in IANS
AMG Media Networks, a wholly owned subsidiary of the Adani Group, has increased its ownership of IANS shares by subscribing to fresh shares worth Rs 5 crore, as per news agencies. AMG Media will now have 76% voting rights, a report said. Earlier in December,Adani Groupacquired 50.5 per cent stake of IANS India Private Limited from a third party. Post the acquisition, IANS has become a subsidiary of AMNL. In December, AMNL signed a shareholders’ agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS.
Tags : Adani Group Ians AMG Media