The NDTV takeover : a hostile attempt by Adani Group / Puja Aggarwal Gulati, Barnali Chaklader, Sambhram Goswami.

Format:

Book

Author/Creator:

Gulati, Puja Aggarwal, author.

Chaklader, Barnali, author.

Goswami, Sambhram, author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Corporate governance--Case studies.

Corporate governance.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2026.

Summary:

In August 2022, the Adani Group acquired a 29.18% stake in New Delhi Television Limited (NDTV) as part of a hostile takeover attempt. This initial acquisition was followed by an open offer in November 2022 to purchase an additional 26% controlling stake in the company. Notably, the open offer price was 25% lower than NDTV's prevailing market price on the announcement date. Despite the discount, more than 5.3 million shares were sold at the offered price, enabling the Adani Group to secure a controlling stake, surpassing that of NDTV's founding promoters, Prannoy Roy and Radhika Roy. This situation created a dilemma for shareholders: should they hold onto their shares, anticipating a potential price increase after the takeover, or sell at the open offer price to secure immediate returns? The case highlights the dynamics of hostile takeovers and delves into the ethical challenges posed by corporate actions that, while legally permissible, may raise questions of fairness and intent. Students will be asked to evaluate strategic decisions from the perspectives of various stakeholders and to analyse the ethical implications of corporate governance practices in such scenarios.

Notes:

Description based on XML content.

ISBN:

979-83-488-4879-8

OCLC:

1569208730

Publisher Number:

T300703