As part of the transaction, AMNL has purchased 24% of IANS’s voting shares along with 0.74% of its non-voting shares
Acquisition
Adani Group Acquisition of IANS
Adani Group has successfully acquired the remaining stake in Indian News Agency (IANS), solidifying its position in the media landscape. This acquisition is part of Adani's broader strategy to expand its media portfolio and enhance its influence in the news sector.
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Increasing Media Consolidation
Adani Group acquires remaining stake in IANS
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2 Events
Oct 2023
Adani Group Announces Acquisition
Adani Group publicly announces its intention to acquire the remaining stake in IANS.
Latest
Oct 2023
Acquisition Finalized
The acquisition of IANS by Adani Group is officially completed, marking a significant move in the me...
01 Oct 2023
Adani Group Announces Acquisition
Adani Group publicly announces its intention to acquire the remaining stake in IANS.
15 Oct 2023
Latest
Acquisition Finalized
The acquisition of IANS by Adani Group is officially completed, marking a significant move in the media sector.
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Adani Group acquires remaining stake in IANS
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AI-assisted summary, reviewed by our newsroom
Adani Group has successfully acquired the remaining stake in Indian News Agency (IANS), solidifying its position in the media landscape. This acquisition is part of Adani's broader strategy to expand its media portfolio and enhance its influence in the news sector.