long story short
Table of Contents
Adani Group ne NDTV ka takeover ek hostile (hostile yani bina management ki sahamati) tareeke se kiya, jismein pura game ek puraane loan agreement ka tha.
Is poore process ke chalte, NDTV ke kai senior journalists aur executives ne resign kar diya, jismein Ravish Kumar ka naam sabse prominent tha. Iss takeover ne India mein media independence ko lekar kaafi debate shuru kar di thi.
NDTV Kya Tha?
1984 me Prannoy Roy aur unki wife Radhika Roy ne New Delhi Television (NDTV) ko shuru kiya tha. Yeh channel India ka pehla private English news broadcaster tha. Yeh sirf ek channel nahi tha — yeh ek institution tha. Ravish Kumar, Sreenivasan Jain, Nidhi Razdan jaise journalists ne isko apni awaaz se zinda rakha. 75% BJP supporters aur 81% baaki political supporters NDTV ko ek trustworthy news source maante the.
Aur sabse important baat — yeh channel India ka aakhri bada independent TV broadcaster tha.
🏦 Chapter 1: Woh Purana Loan — Pandora’s Box
Yaha se shuruaat hoti hai asli kahani ki.
2008-2009 ke aaspaas, NDTV ke founders — Prannoy aur Radhika Roy — ne apni holding company RRPR Holdings ke zariye ek bada loan liya. Kyun? RRPR Holdings ne yeh loans isliye liye the taaki NDTV ke shares open market se buyback kar sake aur pehle ke bank loans chuka sake.
Yeh loan ek mysterious company VCPL (Vishvapradhan Commercial Private Limited) ne diya — ₹403 crore! Aur loan ke terms bahut hi unusual the. SEBI ne notice kiya ki in loan transactions se effectively NDTV ka control change ho sakta tha — jaise loan ke andar hi company ka control transfer karne ki koshish ki gayi ho.
SEBI ne promoters ko show cause notice diya, lekin SEBI Appellate Tribunal ne yeh penalty quash kar di. Iska matlab — technically yeh loan legal tha.
Yahi woh trap tha jisme Roys phanse the — unhe pata bhi nahi tha.
🐍 Chapter 2: Adani Ka Master Stroke — August 2022
Ab scene fast forward karo — 23 August 2022.
Adani Group ne VCPL ka 100% stake acquire kar liya. Yeh wahi VCPL hai jisne Roys ko ₹403 crore loan diya tha aur jiske paas RRPR Holdings mein convertible warrants the.
Matlab kya tha iska?
Simple language mein: Adani ne woh sahukar khareed liya jiska NDTV founders par purana karz tha. Ab woh debt Adani ka ho gayi. Aur uss debt ke saath attached tha ek powerful right — convertible warrants — jisko exercise karo toh RRPR Holdings ka 99.9% control haasil ho jata hai. RRPR Holdings ke paas NDTV ka 29.18% stake tha.
Adani ne puri duniya ko chaunk diya jab bina directly NDTV ko approach kiye, sirf ek shell company kharid ke, unke 29.18% shares apne naam kar liye.
NDTV ne khud kaha: “Yeh acquisition bina founders ki kisi bhi salaah, baat, ya consent ke ki gayi.”
Chess ki bhaasha mein — check!
📣 Chapter 3: Open Offer — Aur Zyada Shares Chahiye
SEBI ke Takeover Regulations ke hisaab se, agar koi 25% se zyada stake haasil karta hai, toh use aur 26% ke liye open offer dena padta hai — yaani baaki shareholders ko bhi apne shares bechne ka mauka dena padta hai.
Adani Enterprise ne 29.18% haasil karne ke baad open offer launch kiya aur additional 8.27% stake aur haasil kar liya.
Toh abhi tak scorecard:
- VCPL ke zariye: 29.18%
- Open offer se: 8.27%
- Total: ~37% — aur Adani single largest shareholder ban gaye NDTV ke!
🏳️ Chapter 4: Roys Ka Surrender — December 2022
Ab game almost khatam ho chuka tha. Prannoy aur Radhika Roy ke paas zyada options nahi bache.
December mein Roys ne apna 27.26% stake AMG Media Networks ko bech diya.Unhone ek statement mein kaha: “Adani ke saath discussions constructive rahe, humari suggestions maani gayi.” — lekin sabko pata tha yeh ek khoobsurat way tha haarne ko accept karne ka.
30 December 2022 tak Adani Enterprises ke paas NDTV ka 64.71% stake aa chuka tha.
Checkmate. 🏁
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🎭 Chapter 5: Journalists Ka Jaana — NDTV Ki Rooh Nikalna
Jab Adani ne takeover complete kiya, NDTV ke woh journalists jo channel ki pehchaan the — ek ek karke resign karne lage.
- Ravish Kumar — Magsaysay Award winner, NDTV ka sabse bold Hindi anchor — resign kar gaye. Unhone kaha: “Mujhe yakin hai ki yeh poori scheme meri presence TV se hatane ke liye bani thi.”
- Sreenivasan Jain — 1995 se NDTV ke saath, “Truth vs Hype” jaise shows ke host — resign kar gaye.
- Nidhi Razdan — NDTV 24×7 ki editor-in-chief — unhone bhi January 2023 mein tweet karke apna jaana announce kiya.
Reporters Without Borders (RSF) ne concern express kiya ki yeh takeover India mein media pluralism ke liye ek bada blow hai, kyunki Gautam Adani aur PM Narendra Modi ki proximity openly known hai.
🌐 Adani Ka Vision — Global News Brand?
Takeover ke baad Adani ne bada sapna sunaya. Unhone Financial Times ko bataya ki wo NDTV ko ek ‘global news brand’ banana chahte hain — FT ya Al Jazeera ki tarah — aur kaha ki yeh unke liye ‘business opportunity nahi, responsibility’ hai.
Editorial independence ke baare me Adani ka philosophy interesting tha — unhone kaha: “Independence ka matlab hai agar government galat kare toh bolna. Lekin saath mein courage bhi hona chahiye jab government sahi kaam kare — woh bhi bolna chahiye.”
📊 Final Scorecard
| Phase | Kya Hua | Stake |
|---|---|---|
| Aug 2022 | VCPL acquire karke RRPR holdings ka control | 29.18% |
| Nov 2022 | Open offer se public shareholders se | +8.27% |
| Dec 2022 | Roys ne khud apna hissa bech diya | +27.26% |
| Total | Adani becomes majority owner | 64.71% |
🔍 Asli Sawaal
Is poori saga mein sab kuch tha — ek mysterious lender, bina interest ka loan, control ka change, ek hostile takeover, SEBI ke orders, market price se neeche open offer, aur ek surprising share sale — aur result mein Adani Group NDTV ka majority shareholder ban gaya.
Yeh takeover India ki corporate history mein ek masterclass in hostile acquisitions hai — bina seedha NDTV se baat kiye, ek purane loan ke sahaare, ek powerful media empire quietly haasil kar liya gaya.
Aur jaise ek journalist ne kaha — “Internet ke alawa independent journalism ke liye koi platform nahi bacha.
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