Adani Enterprises’ AMG Media Networks to acquire remaining 24% stake in IANS
The acquisition completes a strategic initiative that began in January 2024 with AMNL’s initial purchase of a majority stake in IANS
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Published: Jan 23, 2026 8:08 AM | 1 min read
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AMG Media Networks Limited (AMNL), a wholly owned subsidiary of the Adani Enterprises Limited (the Company), has entered into a Share Purchase Agreement to acquire the remaining stake in IANS India Private Limited (IANS), according to a regulatory filing.
The agreement was executed on January 21, 2026, for the acquisition of shares held by Sandeep Bamzai, an existing shareholder of IANS. Upon completion of the transaction, IANS will become a wholly owned step-down subsidiary of the Company.
AMNL had earlier acquired a majority stake in IANS, as disclosed on January 17, 2024. At the time of signing the agreement, AMNL held 76 per cent of Category I shares with voting rights and 99.26 per cent of Category II shares without voting rights in IANS.
Under the agreement, AMNL will acquire the remaining 24 per cent of Category I shares with voting rights and 0.74 per cent of Category II shares without voting rights.
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