Several months after making a hostile takeover bid for New Delhi Television (NDTV), one of India's most trusted news sources, the Adani Group will control nearly 65% of the company. The Adani Group is chaired by billionaire Gautam Adani, the richest man in Asia and the third richest man in the world. In August, Adani’s AMG Media Networks Limited (AMNL) acquired some 29% of NDTV indirectly, by buying out loans to the company and after an open offer to acquire...
Chairman / Managing Director
The ninth richest person in the world according to the Bloomberg Billionaires Index, Ambani has a net worth of $85.2 billion. He chairs and runs India’s Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and retail. The conglomerate has a market cap of $210 billion. This year, Reliance earmarked £25 billion to spend on rolling out 5G services in India. Ambani also spelled out his succession plan for the company this year: Son Akash is now chairman of Reliance Jio, daughter Isha oversees retail and younger son Anant has been inducted into the new energy business. He owns the majority stake of Viacom18, a joint venture between Reliance’s Network18 Media & Investments and Paramount Global that distributes Indian versions of Viacom channels and operates Indian streamer Voot.