December 7, 2022

On Wednesday, the leaders of India’s opposition parties voiced their concern over billionaire Gautam Adani’s hostile takeover attempt for well-known New Delhi Television (NDTV), which included an indirect acquisition of a 29.18 percent stake in the media company and an offer to buy out a further 26 percent controlling stake.

Senior Congressman Jairam Ramesh referred to Gautam Adani, who has been close to Prime Minister Narendra Modi for many years, when he said that the hostile takeover attempt by the prime minister’s “khaas dost” (special friend) of a “well-known TV news network” is a “brazen move to control and stifle any semblance of an independent media.”

“The news of a deeply indebted company owned by the PM’s ‘khaas dost’ making a hostile takeover bid of a well-known TV news network is nothing but concentration of economic and political power, and a brazen move to control and stifle any semblance of an independent media,” Jairam Ramesh, Congress general secretary in-charge of communications, said in a tweet.

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