Adani Group vs NDTV: The tale of hostile takeovers in Indian corporate industry3 min read . Updated: 24 Aug 2022, 11:09 AM IST
- There have been several instances of hostile takeovers in Indian corporate history. However, only two such attempts resulted in the change of ownership
- A hostile takeover occurs when a company or a person attempts to take over another company against the wishes of the target company's board or management
The news of business tycoon Gautam Adani taking over the New Delhi Television Ltd (NDTV) news channel has come as a major shock for the viewers with people calling it a "hostile takeover". This is because, the news channel has claimed that the 29.18% of NDTV has been acquired without "discussion, consent or notice".
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