Gautam Adani’s Group Acquires Majority Stake in IANS News Agency

New Delhi: A majority stake in news agency IANS India Pvt Ltd has been acquired by billionaire Gautam Adani’s group. This extends Adani group’s presence in Indian media world.

In a regulatory filing, Adani Enterprises said its subsidiary “AMG Media Networks Ltd has acquired a 50.50 per cent stake constituting equity shares of IANS India Pvt Ltd”.

The company did not disclose the acquisition price.

In March 2022, Adani group acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. In December 2022, it acquired 65 per cent stake in NDTV.

Now all operational and management control of IANS will be with AMG Media Networks Limited (AMNL) and AMNL will have the right to appoint all directors of IANS.

IANS is now a subsidiary of AMNL.