VCPL, an Adani Enterprises’ step-down subsidiary now, had given an interest-free loan of Rs 403.85 crore to RRPR Holding in 2009 and 2010, against which RRPR Holding had issued warrants to VCPL.
Citing a November 27, 2020, SEBI order, NDTV Ltd told stock exchanges Thursday that Adani Group-owned Vishvapradhan Commercial Private Ltd (VCPL) will have to seek the market regulator’s approval before it acquires 99.5 per cent stake in RRPR Holding Pvt Ltd, which in turn holds 29.18 per cent shares in the television media company.
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