Discover and read the best of Twitter Threads about #NDTVSold
Most recents (2)
Prannoy Roy the psephologist doesn't understand finance.He finances NDTV stock buyback in 2007 by taking a loan from Indiabulls Finance at humongous interest rate.Then realises the folly,pledges ENTIRE personal shareholding in NDTV to ICICI Bank in 2008 to pay off Indiabulls loan 
Then realises pledging entire shareholding is risky, so borrows from Motabhai Ambani (VCPL) in 2009 to pay off ICICI. But Motabhai is shrewd, he funds Roy structuring warrants convertible into RRPR equity into the loan. RRPR holds 29% in NDTV.
Ambani sits on the warrants for over 10 years. Circa 2022 another Motabhai (Adani) enters the media space by acquiring 49% in Raghav Bahl's Quint (same Bahl whom Ambani had ousted from Network 18). Unlike Ambani, Adani decides to consolidate.
The #Ambani Connection to #Adani's Hostile #Takeover to #NDTV
This is the long story, so sit back and relax and start reading!!
Like nad Retweet for maximum reach!
This is the long story, so sit back and relax and start reading!!
Like nad Retweet for maximum reach!
In 2009, one conversation between Niira Radia(Corporate lobbyist) and ET Journalist MK Venu concluded on a note that she is meeting to Manoj Modi(Ambani's Right Hand) to help Pranay Roy( NDTV Promoter).
The Money Flow
In 2009, the same year RELIANCE VENTURES LTD, a Wholly Owned Subsidiary of Reliance had given loan of 403.85 Cr Loan to Shinano Retail Private Limited, Which is again owned by Reliance Industrial Investment and Holding Ltd(RIIHL), which again part of Reliance.
In 2009, the same year RELIANCE VENTURES LTD, a Wholly Owned Subsidiary of Reliance had given loan of 403.85 Cr Loan to Shinano Retail Private Limited, Which is again owned by Reliance Industrial Investment and Holding Ltd(RIIHL), which again part of Reliance.
