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Adani Acquires Majority Stake In News Agency IANS

Gautam Adani’s group has secured a majority stake in news agency IANS India Pvt Ltd. Adani Enterprises, revealed that its subsidiary, “AMG Media Networks Ltd,” acquired a 50.50% equity stake in IANS. Adani entered the media sector in March last year, acquiring Quintillion Business Media, followed by a nearly 65% stake in broadcaster NDTV in December.

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