CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which group gained control over RRPR Holdings?
A
Adani Group
B
Reliance Group
C
LG Group
D
Micromax Group
Explanation: 

Detailed explanation-1: –Adani group exercised those rights in August last year, which NDTV at that time said was done without its consent.-By virtue of that, the Adani group took control of RRPR Holdings, which held a 29.18 per cent stake in NDTV.

Detailed explanation-2: -Adani Enterprises, through subsidiaries RRPR Holding and Vishvapradhan Commercial, now owns 64.72% of NDTV, which runs three national channels. Adani Ent.

Detailed explanation-3: -Billionaire Gautum Adani now owns majority stake in the Delhi-based news channel – New Delhi Television Ltd. On Friday, Adani Enterprises, through its indirect subsidiary RRPR Holdings, acquired additional 1.76 crore shares of NDTV for ₹602 crore, from NDTV promoters Radhika and Prannoy Roy.

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