Adani's NDTV plans to launch 9 news channels in different languages

NDTV's revenue for the financial year ended on March 31, 2023 was at Rs 220.65 crore

Press Trust of India New Delhi


Listen to This Article

Media firm New Delhi Television Ltd (NDTV), now owned by Adani group, on Thursday said it plans to launch nine news channels in different Indian languages in phases.

The board of the company, at its meeting held on Thursday, has "approved a proposal to seek the permission of the Ministry of Information & Broadcasting for the launch of nine news channels in different Indian languages in phases," NDTV said in a regulatory filing.

It will intimate the stock exchanges on the launch date of the said channels post receipt of approval from the Ministry of Information & Broadcasting, it added.

Last year in December, Adani Group had gained full control of news broadcaster NDTV after it acquired most of the stake of the founders -- Prannoy Roy and Radhika Roy -- at a premium of almost 17 per cent over the rate it had paid to minority shareholders of the firm.

AMG Media Networks Ltd (AMNL), through its indirect subsidiary RRPR Holding Private Limited, had acquired a 27.26 per cent stake in NDTV, resulting in a controlling stake of 64.71 per cent in NDTV by AMNL through its subsidiaries.

NDTV's revenue for the financial year ended on March 31, 2023 was at Rs 220.65 crore.

Also Read

Adani group becomes single-largest shareholder in NDTV with 37.4% stake

NDTV approves proposal to invite two Adani nominees on its board

From Roys to Adani: How NDTV promoter firm RRPR changed hands in 3 months

NDTV shares continue to rally for the fifth day, surge nearly 25%

Adani poised to be largest shareholder in NDTV as open offer subscribed 32%

Swiggy's food delivery business turned profitable in March: CEO Majety

Oracle lays off over 3,000 employees from health IT arm Cerner: Report

Top Toyota scientist warns against ditching gasoline too soon ahead of G7

Everstone in talks to sell 41% stake in India's Burger King franchisee

Patriarch Srichand Hinduja's death puts spotlight on $14 bn family feud

Earlier this month, NDTV in its earnings statement for FY23 had said: "The new management and board are taking steps to invest in content, marketing, and distribution initiatives, to create a strong foundation for long-term growth and scale-up its presence across segments.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: May 18 2023 | 2:28 PM IST

Explore News