Stock Report

AMG Media Networks Ltd to acquire 100% in VCPL which holds stake in NDTV



Posted On : 2022-08-23 19:21:29( TIMEZONE : IST )

AMG Media Networks Ltd to acquire 100% in VCPL which holds stake in NDTV

AMG Media Networks Limited (AMNL), a wholly owned subsidiary of Adani Enterprises Limited ("Company"), has acquired 100% equity stake in VCPL, in accordance with the terms contemplated under the purchase agreement dated 23rd August, 2022 executed between AMNL, Nextwave Televentures Private Limited ("NTPL"), Eminent Networks Private Limited ("ENPL", collectively with NTPL as "Sellers") and VCPL.

The acquisition cost would be at an Enterprise Value of INR 113,74,61,990.

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 3023.65 as compared to the previous close of Rs. 3052.00. The total number of shares traded during the day was 447369 in over 16157 trades.

The stock hit an intraday high of Rs. 3075.00 and intraday low of 2929.05. The net turnover during the day was Rs. 1349580062.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 AMGMediaNetworks VCPL Acquisition NDTV