SECTOR
Adani Enterprises’ arm completes acquisition of balance stake in IANS India
Mar-24-2026

Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks (AMNL) has completed the acquisition of the balance 24% Category I shares (with voting rights) and 0.74% Category II shares (without voting rights) in IANS India (IANS), in accordance with the terms of the share purchase agreement (SPA). Consequently, IANS has become a wholly owned step-down subsidiary of the company. The cost of acquisition is Rs 4.70 crore. 

Adani Enterprises, the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.

  RELATED NEWS >>