Takeover of NDTV a ‘responsibility’, says India’s richest man Adani – FT
Nov 25 (Reuters) – Indian billionaire Gautam Adani sees the takeover of news broadcaster New Delhi Television Ltd (NDTV) (NDTV.NS) as a “responsibility” rather than a business opportunity, he said in an interview with the Financial Times on Friday.
The ports-to-energy conglomerate run by Adani, Asia’s richest person, unveiled plans late in August to acquire a majority stake in NDTV, seen as a bastion of independent media.
The takeover attempt has triggered concerns among journalists and politicians that a change of ownership could undermine NDTV’s editorial integrity.
Founded in 1988 and owned by husband-and-wife team Prannoy Roy and Radhika Roy, NDTV previously said that the move by Adani Group “was executed without any input from, conversation with, or consent of the NDTV founders”.
Adani hails from the western state of Gujarat, the home state of Prime Minister Narendra Modi.
India’s main opposition Congress party has often accused…
