Adani group's flagship company Adani Enterprises through a stock filing on Thursday said NDTV group firm RRPR Holding's letter which said its stakeholding in NDTV has been "provisionally attached" by the Income Tax authorities and it would require the tax agency's approval for them to be transferred holds "no merit or basis either in law or in fact and is misconceived."

"The IT Orders only applies to the shares of NDTV held by RRPR and in no manner restrict RRPR from completing the formalities in relation to allotment of equity shares to VCPL on exercise of the warrants,'' the Adani stock filing said.