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Updated January 17th, 2024 at 09:12 IST

Adani Enterprises media arm raises stake in news agency IANS

AMG Media Networks (AMNL), a unit of billionaire Gautam Adani's flagship firm Adani Enterprises has increased its ownership of IANS shares.

Reported by: Business Desk
Adani
Adani | Image:ANI
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A media arm of Adani Group on Wednesday said it increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth Rs 5 crore.

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

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The acquisition is of strategic nature in the interest of AMNL.

IANS was incorporated in India and registered with the Registrar of Companies, Delhi at Delhi on 26th December, 1994. 

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(With Reuters inputs)
 

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Published January 17th, 2024 at 09:12 IST

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