Gautam Adani Open Offer to Route to Take on NDTV

NDTV promoters have challenged the Gautam Adani Group's open offer to acquire 26 per cent of its shares

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They claimed the offer is incomplete without a Sebi nod. NDTV has also sought a clarification from SEBI.

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The offer has been revised to tentatively close on December 5 and a hearing has been scheduled.

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Oyo Hotels and Homes is one of the biggest hospitality brands in the world by room count.

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The Adani group has also asked SEBI for feedback on its draft open offer letter.

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NDTV is India's leading news organisation and has more than 35 million followers on social media.

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It runs two news channels in Hindi and English. It also operates a business news channel called NDTV Profit.

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The promoters have a choice to counter the Adanis' offer, depending on their financial muscle.

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