Adani Enterprises’ AMG Media Networks to buy the remaining 24% stake in IANS
The acquisition completes a strategic initiative launched in January 2024, when AMNL first acquired a majority stake in IANS
Pitch Feature
AMG Media Networks Limited (AMNL), a wholly owned subsidiary of Adani Enterprises Limited, has entered into a share purchase agreement to acquire the remaining stake in IANS India Private Limited, the company said in a regulatory filing.
The agreement was executed on January 21, 2026, and involves the acquisition of shares held by Sandeep Bamzai, an existing shareholder of IANS. Upon completion of the transaction, IANS will become a wholly owned step-down subsidiary of Adani Enterprises.
AMNL had previously acquired a majority stake in IANS, as disclosed on January 17, 2024. At the time of signing the agreement, AMNL held 76 per cent of Category I shares carrying voting rights and 99.26 per cent of Category II shares without voting rights.
Under the latest agreement, AMNL will acquire the remaining 24 per cent of Category I shares with voting rights and 0.74 per cent of Category II shares without voting rights.
