“Adani Group Takes Control: Acquires Majority Stake in IANS, Expands Media Holdings”
In a strategic move to further solidify its presence in the media landscape, Adani Enterprises, the flagship firm of billionaire Gautam Adani’s conglomerate, has secured a controlling stake in the prominent news agency Indo-Asian News Service (IANS). The acquisition, announced on Saturday, marks the group’s concerted efforts to broaden its foothold in the media industry.
In a strategic move to further solidify its presence in the media landscape, Adani Enterprises, the flagship firm of billionaire Gautam Adani’s conglomerate, has secured a controlling stake in the prominent news agency Indo-Asian News Service (IANS). The acquisition, announced on Saturday, marks the group’s concerted efforts to broaden its foothold in the media industry.
The Adani group confirmed its acquisition of a commanding 50.5% stake in IANS for a reported sum of ₹5,10,000 ($6,140). With this sizable investment, the conglomerate will assume complete operational and managerial control over the news agency, underlining its commitment to diversifying its business interests.
IANS, a notable name in the news industry, has showcased its resilience and influence, reporting a substantial revenue of over ₹118.6 million in the 2022/23 financial year. This acquisition strategically aligns with Adani’s overarching vision to strengthen its media portfolio, complementing its existing ventures in the sector.
This move follows the Adani group’s entrance into the media realm in March of the preceding year, marked by the acquisition of Quintillion Business Media. Quintillion operates the acclaimed business and financial news digital platform, BQ Prime, thereby initiating Adani’s foray into digital media spaces.
Later, in a significant development underscoring its commitment to diversification, the conglomerate made headlines in December 2022 by securing nearly 65% ownership of the prominent broadcaster NDTV. These strategic acquisitions underscore Adani’s commitment to expanding its media footprint and consolidating its position within the industry.
The acquisition of IANS signifies Adani’s concerted efforts to bolster its media holdings, leveraging the agency’s established credibility and expansive reach. With an eye on innovation and growth, the conglomerate aims to further its influence and impact within the media landscape, tapping into the ever-evolving preferences of audiences.
Adani Enterprises’ recent acquisitions within the media industry underline its strategic vision to diversify its business portfolio, emphasizing the conglomerate’s proactive approach to tapping into new sectors and enhancing its market presence. This move not only consolidates Adani’s position as a multifaceted conglomerate but also hints at a promising trajectory in the dynamic realm of media and communications.
Sources By Agencies
About The Author
prescription only allergy medication otc allergy medication comparison chart best generic allergy pills
virtual visit online physician belsomra buy provigil 100mg online cheap
buy deltasone pill prednisone 20mg price
best otc antacid for heartburn buy lamivudine medication
acne ointment by prescription only how to buy eurax dermatologist approved acne treatment
best allergy medicine for rash buy fexofenadine 180mg prescription allergy medicine list
monodox for sale doxycycline canada
order generic prednisone deltasone price order deltasone 5mg online cheap
accutane cost isotretinoin brand buy accutane no prescription
buy ventolin online albuterol inhalator tablet albuterol usa
order amoxil 500mg generic buy amoxil medication buy amoxicillin 500mg generic
how to buy zithromax buy zithromax online azithromycin pills
levoxyl us buy synthroid 150mcg pill synthroid 150mcg ca
buy prednisolone 40mg online cheap brand prednisolone 5mg buy omnacortil
order clomiphene 100mg clomiphene 50mg without prescription clomiphene price
buy neurontin cheap gabapentin for sale online brand neurontin 100mg
sildenafil pills 50mg viagra 100mg pills viagra 50mg uk
lasix 40mg usa lasix 40mg canada brand furosemide 100mg
buy rybelsus 14mg pills buy semaglutide 14 mg how to get rybelsus without a prescription
vardenafil 10mg oral vardenafil online order buy cheap vardenafil
real poker online best casinos casino blackjack
hydroxychloroquine pills order hydroxychloroquine 200mg generic plaquenil 400mg pills
lyrica 150mg generic lyrica 75mg us lyrica over the counter
cialis 40mg tablet cialis 5mg cost cialis prices
cenforce 100mg drug order cenforce generic buy cenforce 100mg generic
oral clarinex 5mg cheap clarinex 5mg where can i buy desloratadine
chloroquine 250mg drug order aralen 250mg generic buy chloroquine 250mg online
purchase loratadine generic generic claritin loratadine usa
buy glucophage sale purchase glycomet online glycomet medication
orlistat 120mg pill buy generic diltiazem for sale order generic diltiazem 180mg
brand atorvastatin 40mg purchase lipitor generic buy atorvastatin 40mg generic
norvasc pills amlodipine 10mg cheap purchase norvasc online cheap
acyclovir 800mg generic buy allopurinol no prescription allopurinol online order
cheap zestril order zestril 2.5mg pill purchase lisinopril generic
buy generic crestor for sale purchase zetia buy ezetimibe 10mg sale
omeprazole to treat esophagus omeprazole 20mg ca buy prilosec cheap
motilium cheap buy tetracycline 250mg generic sumycin uk
buy metoprolol 50mg pills metoprolol 50mg generic order lopressor sale
flexeril pills ozobax medication order baclofen 10mg generic
atenolol pills buy atenolol 100mg generic atenolol 50mg brand
ketorolac us buy generic colcrys order colchicine online cheap