Adani Enterprises raises stake in media agency IANS

Adani Enterprises on Wednesday announced that its subsidiary AMG Media Networks (AMNL) has raised its stake in media agency IANS India by subscribing to fresh shares issued by the news agency worth 5 crore. In Category 1 having voting rights, AMG Media Networks raised its stake to 76% from 50.5%, while in Category 2 without voting rights, the stake has been increased to 99.26% from 50.5%, said in a regulatory filing.

“...we would like to inform that AMG Media Networks Limited (AMNL), a wholly owned subsidiary of the Company has increased its stake in IANS India Private Limited (IANS), by subscribing to fresh shares issued by IANS," the Adani Group flagship firm said. The allotment of above shares was approved by the board of IANS at its meeting held on January 16, 2024, it added.

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