Business & Finance National

NDTV Gets An Open Offer From Adani Groupโ€™s Indirect Subsidiary

offer

The Adani Group informed both exchanges, BSE and NSE, that its indirect subsidiary, Vishvapradhan Commercial Pvt Limited (VCPL), had made an open offer to the public shareholders of New Delhi Television Ltd, on Wednesday.

The manager of the open offer, JM Financial Limited, addressed a letter to the Securities and Exchange Board of India (Sebi) on Wednesday. The Group statement indicated that the decision to acquire NDTV was arrived at in furtherance of the Groupโ€™s objective to set up a credible next-generation media platform with emphasis on digital and broadcast segments and that NDTV is a suitable broadcast and digital platform to deliver on this vision.

While the underlying transaction has not been consummated due to the stance being taken by
RRPR, the Group said VCPL was committed to its vision and intends to proceed with the open offer in accordance with the provisions of the Sebi Regulations, 2011. RRPR is a promoter group company of NDTV and holds 29.18 per cent stake in NDTV.

The statement said VCPL re-affirms its commitment to completing the open offer process.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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โ€œCongress presented example of democracy whenโ€ฆโ€: Kharge after winning partyโ€™s presidential poll

ANI
Congress

New Delhi: Mallikarjun Kharge, who was elected new Congress president on Wednesday, said that the party has presented an โ€œexample of strengthening the countryโ€™s democracy by conducting organisational electionsโ€ at a time when โ€œdemocracy is in dangerโ€ in the country.

Kharge got 7,897 votes in the presidential contest and his opponent Shashi Tharoor received 1,072 votes in the voting held on October 17. Addressing the media after his victory, Kharge said Congress has โ€œcontinuously strengthened democracyโ€ in the 75-year history of the country and protected the Constitution.

โ€œNow when democracy is in danger and Constitution is being attacked, and every institution is being broken, Congress has presented an example of strengthening the countryโ€™s democracy by conducting organisational elections at the national level. I thank everyone connected with the election,โ€ he said.

He also congratulated Tharoor and said that they discussed methods to take the party forward. Tharoor had visited Khargeโ€™s residence to congratulate him on his victory.

โ€œI want to congratulate my partner Shashi Tharoor as well. We were contesting the election as representatives. He met me and we discussed how to take the party forward,โ€ Kharge said.

The Congress president-elect expressed his gratitude to outgoing party chief Sonia Gandhi and said that she made โ€œpersonal sacrificesโ€ for a number of years to serve the party. He also hailed her leadership stating that the Congress-led coalition came to power at the Centre twice while she was party chief.

โ€œI want to thank Sonia Gandhi on behalf of all party workers. She has made personal sacrifices and served the party for 25 years with hard sweat and blood. Under her leadership, we formed our government at the Centre twice. Her tenure (as party president) will be remembered in history,โ€ he said.

Kharge appealed to people to join former party president Rahul Gandhi in Bharat Jodo Yatra.

โ€œThe biggest problem in the country is inflation and unemployment, the gap between the rich and the poor is widening and hatred is being spread by the government. Rahul Gandhi has undertaken the 3,570 km-long yatra to create a mass movement against these problems. The entire country is connecting with his struggle. I appeal to the people of the country to join the Bharat Jodo Yatra with Rahul Gandhi for the countryโ€™s welfare,โ€ he said.

โ€œWe all have to work like workers of the party, nobody is big or small in the party. We have to unitedly fight against the fascist forces that are attacking the democratic institutions under the garb of communalism,โ€ Kharge added.

Also Read: โ€œWe Are Asking For Fundsโ€: Pak PMโ€™s Appeal After Floods

Congress leader Randeep Surjewala, who was present at the press conference, said that Kharge will take charge on October 26.

Earlier today, Sonia Gandhi and Priyanka Gandhi Vadra on reached Mallikarjun Khargeโ€™s residence and congratulated him on being elected as the new party president.
Rahul Gandhi also extended wishes to Kharge and said that the post he has been elected to โ€œrepresents a democratic vision of Indiaโ€.

Gandhi said that Khargeโ€™s vast experience will serve the party well.

โ€œCongratulations to Mallikarjun Khargeji on being elected as the President of @INCIndia. The Congress President represents a democratic vision of India. His vast experience and ideological commitment will serve the party well as he takes on this historic responsibility,โ€ Gandhi tweeted.

Chairman of Congress Central Election Committee (CEC) Madhusudan Mistry declared that Kharge has been elected the new president of the party.

โ€œThe total counted votes was 9,385 of which Mallikarjun Kharge received 7,897 votes and Shashi Tharoor received 1,072 votes. 416 were invalid votes. As per Article 18 (D) of the Constitution of Indian National, I hereby declare Mallikarjun Kharge as the elected President of Congress,โ€ Mistry said.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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