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India’s Adani Enterprises says the regulatory restrictions do not apply to the NDTV promoter group

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News Tech: BENGALURU, Aug 26 (Reuters) – Adani Enterprises (ADEL.NS) said on Friday that regulatory restrictions are not applicable to New Delhi Television Ltd’s (NDTV.NS) top shareholder RRPR Holding Private Limited in the conglomerate’s bid to take over the news network.

RegisterReporting by Tanvi Mehta in Bengaluru
Editing by Dhanya Ann Thoppil

NDTV on Thursday sought to block billionaire tycoon Gautam Adani’s attempt to acquire a majority stake in the news network, saying regulatory restrictions meant the bid could not proceed. nL4N3010TU

Source: Reuters Trust Principles.

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