Adani Enterprises announced that its subsidiary, AMG Media Networks Limited (AMNL), has successfully completed the acquisition of the remaining stake in IANS India Private Limited (IANS). This move consolidates ownership, making IANS a wholly owned step-down subsidiary. The transaction, finalized on March 24, 2026, involved acquiring the final 24.74% of shares for a total consideration of Rs. 4.70 crore. The acquisition is deemed strategic for AMNL.
Completion of Strategic Acquisition
Adani Enterprises Limited has officially confirmed the successful closure of the acquisition process for IANS India Private Limited (“IANS”). This development follows an earlier intimation dated January 22, 2026, regarding the Share Purchase Agreement (SPA) signed by AMG Media Networks Limited (AMNL), the Company’s wholly owned subsidiary.
Stake Consolidation Details
AMNL has finalized the purchase of the balance stake in IANS, encompassing 24% Category I shares (with voting rights) and 0.74% Category II shares (without voting rights). With the closing of this transaction on March 24, 2026, IANS is now a wholly owned step-down subsidiary of Adani Enterprises.
Transaction Financials
The total cash consideration paid for the acquisition of the remaining shares was Rs. 4.70 crore. The transaction was confirmed to be at an “arm’s length” basis, despite both entities being part of the Adani group structure.
Target Entity Profile
IANS India Private Limited, incorporated in 1994, operates within the Media industry, focusing on the business of collecting, supplying, and disseminating news. The strategic rationale for the acquisition is noted as being in the interest of AMNL.
Historical Turnover of IANS (Rs. in Crore)
- 2024-25: 8.81
- 2023-24: 9.74
- 2022-23: 11.86
Source: BSE
