India’s Adani raises stakes in IANS to 76%

India’s Adani Group has increased its stake to 76 per cent in Indo-Asian News Service (IANS) company by subscribing to fresh shares issued by the news agency worth 50 million rupees ($601,801), Reuters reported on Wednesday.

The IANS acquisition is Adani’s latest media venture, following the conglomerate’s purchase of 65 per cent stake in news broadcaster NDTV in December 2022 and Quintillion Business Media earlier that year.

Adani Group is a diversified organisation in India comprising 10 publicly traded companies. It has created a world class transport and utility infrastructure portfolio that has a pan-India presence.