Adani Group to acquire 29.18% stake in NDTV; Netizens flood Twitter with memes!

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India

oi-Deepika S

|

Published: Tuesday, August 23, 2022, 23:23 [IST]

Google One India News

New
Delhi,
Aug
23:

In
a
major
develoment,
Gautam
Adani’s
group
announced
it
will
buy
a
majority
stake
in
New
Delhi
Television
Ltd
(NDTV),
one
of
the
nation’s
most
popular
news
channels,
as
it
looks
to
boost
media
investments
as
part
of
an
ambitious
expansion
plan.

Representational Image

An
Adani
Group
firm
first
acquired
a
company
that
in
the
past
was
linked
to
rival
billionaire
Mukesh
Ambani.
The
particular
company
had
loaned
Rs
250
crore
to
NDTV
in
2008-09
and
the
Adani
group
firm
now
exercised
the
option
to
convert
that
debt
into
a
29.18
per
cent
stake
in
the
news
channel
company.

Subsequently,
it
has
launched
an
open
offer
for
another
26
per
cent
stake,
the
group
said
in
a
statement.

Soon
after
the
news
broke
out
on
the
internet,
Narendra
Damodardas
TV
(NDTV)
started
trending
at
the
top
on
Twitter.

Over
the
past
few
hours,
social
media
has
been
flooded
with
memes
surrounding
the
NDTV
acquisition
by
Adani.

Let’s
have
a
look
at
some
of
the
tweets
which
show
a
glimpse
of
how
Twitterati
flooded
the
internet
with
memes
amidst
NDTV
takeover
by
Adani.

Story first published: Tuesday, August 23, 2022, 23:23 [IST]



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