Adani Enterprises said on Tuesday its media unit will indirectly buy a 29.18 percent stake in New Delhi Television Ltd (NDTV) and launch an open offer for another 26% stake in the media house.

“We hereby inform you that AMNL, a wholly owned subsidiary of the Company, has acquired 100% equity stake in VCPL, in accordance with the terms contemplated under the purchase agreement dated 23rd August, 2022 executed between AMNL, Nextwave Televentures Private Limited (“NTPL”), Eminent Networks Private Limited (“ENPL”, collectively with NTPL as “Sellers”) and VCPL,” Adani Enterprises said in a statement to NSE.