Adani Enterprises Limited has announced the completion of its acquisition of IANS India Private Limited through its wholly owned subsidiary, AMG Media Networks Limited (AMNL). This strategic acquisition involved the purchase of the remaining 24% Category I shares with voting rights and 0.74% Category II shares without voting rights, making IANS a wholly owned step-down subsidiary of Adani Enterprises.
The acquisition, valued at ₹4.70 crore, was conducted on an arm’s length basis and is considered a related party transaction, as AMNL is a wholly owned subsidiary of Adani Enterprises, and IANS is now a subsidiary of AMNL. The transaction was finalised in accordance with the terms of the share purchase agreement (SPA) previously disclosed in January 2026.
IANS India Private Limited, incorporated on December 26, 1994, under the Companies Act, 1956, is engaged in the business of collecting, supplying, and disseminating news. Over the last three financial years, IANS reported turnovers of ₹8.81 crore in 2024-25, ₹9.74 crore in 2023-24, and ₹11.86 crore in 2022-23.
The acquisition is part of a strategic move by AMNL to enhance its media capabilities and expand its presence in the media industry. No governmental or regulatory approvals were required for the completion of this acquisition.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).