Fake information alert: Talks of Zee Media acquisition by Adani Group totally false and baseless | Companies News


New Delhi: The information that’s being circulated within the media associated to the talks of Zee Media’s acquisition by Adani Group is totally false and baseless. Zee Media firm administration has out-rightly rejected all such claims.

News of talks between Gautam Adani and Subhash Chandra associated to the acquisition of Zee Media by Adani Enterprises in an all-cash deal is fake, mentioned the Zee Media administration.

“In the greater interest of the public and the minority stakeholders, we would like to reiterate and clarify that no such agreement is there between Mr Gautam Adani and Dr Subhash Chandra,” mentioned Ronak Jatwala, official spokesperson for the corporate.

He added, “These speculations are leading to some unwarranted stock trading, and we sense a mal-intent behind this.”

Meanwhile, Zee Media has demanded that there needs to be a probe by SEBI into the matter and the culprits be penalized thereupon.

Zee Media additional highlighted that the promoter group has infact its stake within the firm just lately by way of share warrant.

A few days in the past, a pretend report being propelled by a Twitter person by the title of Anurag Chaturvedi mentioned that there was an settlement between Zee Media and Adani Enterprises and that Adani Group has purchased a stake in Zee Media in an all-cash deal . The declare was out-rightly rejected by Zee Media firm administration.

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