Adani Group bought the 29.18% stake in NDTV but how did they do it?


Adani Group bought the 29.18% stake in NDTV but how did they do it? Let's see. 
 
This was the shareholding of NDTV before the Adani acquisition.

Adani Group acquires NDTV indirectly. But how?

Firstly, let's clarify who is RRPR and VCPL.

Radhika Roy and Prannoy Roy is the founder of NDTV and they also named their company on their name RRPR Private Ltd.

Here is the role of VCPL in this:

In 2009, VCPL ( Vishvapradhan Commercial Pvt Ltd ) had given a loan to RRPR and in exchange for that, RRPR had given a convertible warrant to VCPL. 

Convertible warrants are those which can be converted later into shares. 

 

Adani Group bought 100% share in VCPL and VCPL had those convertible warrants of RRPL. This is how RRPR-owned by VCPL and Adani group took 100% share in VCPL so indirectly RRPL is owned by Adani Group. And RRPL has a 29.18% stake in NDTV. So indirectly Adani Group got a 29.18% stake in NDTV. 

So your doubt may be cleared now. 

On August 23, Adani Group made an open offer to acquire an additional 26% of  NDTV's shares and RRPR's shareholding in the company through VCPL. 

Additionally, Adani Enterprises announced that it has purchased VCPL through its subsidiary AMG Media Networks Limited for a sum of Rs 113.75 crore.

Summary: 
Adani Enterprises bought -> AMG Media Network Limited has -> VCPL -> VCPL has -> RRPR has -> 29.18% NDTV.

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