Top Story

e4m_logo.png

Home >> Media - TV >> Article

NDTV rules out sell-off to Adani Group; calls reports false & baseless

26-August-2014
Font Size   16
NDTV rules out sell-off to Adani Group; calls reports false & baseless

NDTV Group has put to rest all rumours and speculations regarding Adani Group buying a huge stake in the Group.

In an official statement issued, NDTV has stated, “All and any reports of the Adani Group looking to acquire a stake in NDTV Ltd are utterly false and entirely baseless. We request all media houses and publications to refrain from publishing any such motivated rumours.”

The growing buzz in the market suggests that Adani Group is interested in buying NDTV and carried a valuation of Rs 600 crore as the current market valuation of NDTV is Rs 529 crore.

Adding to that, it was reported in the media that the broadcaster is asking for Rs 900 crore.

Following Mukesh Ambani taking over the Netowork18 Group on May 29 this year, there have been speculations about NDTV, too, being up for sale. 

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Shaan Raza, Deputy Managing Director, Optimise, spoke to exchange4media about their journey since inception and their new technology, TrackingX, which they are planning to launch in India by February...

Meanwhile, Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

The Indian out-of-home advertising company selects Edge1's ERP software platform to automate their OOH business