1 / 5

Adani Group Made Investments Worth INR 900 Crore In Its Media Business

The company has also recognized the media sector as a crucial growth area. It will have an important role in contributing to the profitability of the conglomerate business. The controversies of the Adani scam will also gradually subside.

Adanicase1
Download Presentation

Adani Group Made Investments Worth INR 900 Crore In Its Media Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Adani Group Made Investments Worth INR 900 Crore In Its Media Business

  2. The flagship company of Gautam Adani, the Adani Group, has been on this acquisition after incorporating AMG Media Networks in April 2022. Since then, the company has been on its journey towards further evaluating its various assets in the entertainment and media sector. The company has also recognised the media sector as a crucial growth area. It will have an important role in contributing to the profitability of the conglomerate business. The controversies of the Adani scam will also gradually subside.

  3. Adani’s Acquisition of AMG Media Network AMG acquired 76% of category 1 shares and 99.26% of category II shares of IANS India earlier this year. Because of the acquisition of shares, IANS became a subsidiary of the group on 17 January 2024. In its annual report, the Adani Group mentioned that it is currently finalising the fair value of IANS’ assets and liabilities as per Ind AS 103 accounting standards. After this, IANS has been accounted for on a professional fair valuation basis. This includes a recorded goodwill of INR 7.42 crore.

  4. The Increased Presence in the Media and Entertainment Sector AMG has acquired controlling stakes of 64.71 % in NDTV. This company was founded by Prannoy and Radhika Roy. The acquisition was made for INR 900.69 crore in cash in FY23. NDTV currently operates 6 TV news channels and a digital news platform NDTV.com. NDTV has already expanded its presence regionally. The company has also scaled digitally.

  5. THANK YOU LET'S GET IN TOUCH

More Related