Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 cr

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A media arm of India’s Adani Group on Wednesday said it increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth 50 million rupees ($601,801).


AMG Media Networks, a unit of Indian billionaire Gautam Adani’s flagship firm Adani Enterprises has increased its ownership of IANS shares with voting rights to 76%, and nearly all non-voting shares, up from 50.5% each earlier.

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First Published: Jan 17 2024 | 9:01 AM IST