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Adani Enterprises Limited ( (IN:ADANIENT) ) has issued an announcement.
AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises, has signed a Share Purchase Agreement to acquire the remaining shares in IANS India Private Limited from existing shareholder Sandeep Bamzai. AMNL already holds the majority of both voting (Category I) and non-voting (Category II) shares, and this transaction will raise its holding to 100% in both categories, making IANS a wholly owned step-down subsidiary of Adani Enterprises Limited, subject to customary conditions. The deal, classified as a related-party transaction, underscores Adani’s ongoing expansion in the media space and consolidates its control over the news agency, potentially strengthening its media footprint and operational integration within the group’s broader portfolio.
More about Adani Enterprises Limited
Adani Enterprises Limited is the flagship company of the Adani Group, operating as a diversified conglomerate with interests spanning infrastructure, energy, and emerging businesses. Through its wholly owned subsidiary AMG Media Networks Limited, the group has been building a presence in the media sector, including investments in news and information services companies such as IANS India Private Limited.
Average Trading Volume: 58,831
Technical Sentiment Signal: Sell
Current Market Cap: 2657.8B INR
For a thorough assessment of ADANIENT stock, go to TipRanks’ Stock Analysis page.