NDTV’s shares climbed up by 10% after speculation emerged about a potential takeover of the outlet by Adani Group.
While, NDTV and Adani Group have stayed mum on the rumours, it is said that Adani Group is looking to buy out a media house based in Delhi. Adding further fuel to the speculation, was Sanjay Pugalia’s appointment as the group’s CEO and Editor in Chief.
On his appointment, Adani Group released a statement, “We look forward to leveraging Sanjay’s wide-ranging experience in media, communications and branding across the Adani Group’s diverse range of businesses and in our Nation Building initiatives.”
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