Adani acquires majority stake in news agency IANS
New Delhi (PTI): Billionaire Gautam Adani's group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space.
In a regulatory filing, Adani Enterprises -- the firm that holds the group's media interest -- 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.
Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV.
AMNL was the vehicle for these acquisitions as well.
In the filing, it said, "AMNL has also signed a shareholders' agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS."
IANS had a revenue of Rs 11.86 crore in the fiscal year 2022-23 (April 2022 to March 2023).
"All operational and management control of IANS will be with AMNL and AMNL will have the right to appoint all directors of IANS," the filing said.
"Pursuant to the acquisition as set out above, IANS is now a subsidiary of AMNL."
A first-generation entrepreneur, Adani started off as a commodities trader in 1988 and expanded his business interests to become India's largest private player in infrastructure, with 13 ports and eight airports. Over the years it diversified into producing coal, energy distribution, data centres and more recently into cement and copper. It even bid and acquired 5G telecom spectrum to set up a private network.
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Woman's decomposed body found at rented flat in Bengaluru
Bengaluru (PTI): The body of a 34-year-old woman was found in a decomposed condition at her rented flat in Bengaluru, police said on Tuesday.
The deceased was identified as Pooja Dutta, a native of Dhanbad in Jharkhand, who was employed with a private company here, they said.
The incident in Adugodi came to light on Monday after neighbours alerted police about a foul smell emanating from her flat, police added.
Police said a team reached the spot, broke open the door and found Dutta's body in a nude and decomposed state, lying in a pool of blood. Preliminary suspicion is that the death may have occurred two to three days earlier, they said.
According to police, no death note was recovered from the spot, though torn papers were found scattered inside the house, prompting suspicion that she may have died by suicide after locking the door from inside.
The body has been sent for post-mortem examination to ascertain the exact cause of death. Once the autopsy report is received, it will be confirmed if it was a suicide or a murder, a senior police officer said, adding that all angles are being probed.
According to the landlady, Dutta had been living in the rented flat for the past three years and was last seen on April 23 when she went out to buy groceries.
The Adugodi police have registered a case of unnatural death, and further investigation is underway.
