Adani Group Fully Acquires IANS, Expanding Media Influence

Gautam Adani's conglomerate has fully acquired news agency IANS, marking another step in its media sector expansion. Through AMG Media Networks Ltd, Adani acquired the remaining 24 percent stake. This purchase further solidifies Adani's presence in media following previous acquisitions, such as NDTV and Quintillion Business Media.

Billionaire Gautam Adani's conglomerate has taken a significant step by gaining complete control over the news agency IANS. The company's media arm, AMG Media Networks Ltd, has finalized a deal to acquire the remaining 24 percent stake, though the financial details remain undisclosed.

This acquisition marks a continuation of Adani's strategy to fortify its media footprint, which started in 2022 with ventures beyond its core areas in ports and energy. In recent years, the group has secured stakes in various media properties, including a controlling 65 percent interest in NDTV and partial ownership in Quintillion Business Media.

The complete acquisition of IANS, a prominent news agency in India delivering content in multiple languages and platforms, underscores the group's commitment to building a comprehensive multi-platform media empire, now solidified through this latest expansion.

(With inputs from agencies.)