Adani Group takes complete hold of IANS news agency
New Delhi: Adani Group, chaired by billionaire Gautam Adani, has completely taken hold of news agency IANS after purchasing the remaining 24 per cent stake, according to a stock exchange disclosure made on Friday. Though the financial terms were not revealed, it is known that the transaction was carried out through AMG Media Networks Limited, the media wing of Adani Enterprises.
Following the transaction, IANS India Private Limited has become a wholly owned step-down subsidiary of Adani Enterprises. The company said, “AMNL has executed a Share Purchase Agreement on January 21, 2026, to acquire the balance stake in IANS. Upon completion of the transaction, IANS shall become a wholly owned step-down subsidiary of the company.”
The Adani Group first entered with a majority stake of IANS in December 2023 with the acquisition of a 50.5 per cent stake. This was followed by a further increase in ownership in January 2024, when AMG Media Networks raised its holding to 76 per cent of the voting shares and nearly all of the non-voting shares. The latest transaction concludes the takeover through the purchase of the remaining shares.
Before this acquisition, AMG Media Networks held 76 per cent of Category I shares carrying voting rights and more than 99 per cent of Category II shares without voting rights. The company said the current deal covers the remaining 24 per cent of Category I shares and 0.74 per cent of Category II shares.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
