adani ndtv: NDTV takeover is ‘responsibility’ says India’s richest man Gautam Adani

Indian billionaire Gautam Adani sees takeover of news broadcasters New Delhi Television Ltd. (NDTV) as a “responsibility” rather than a business opportunity, he told the Financial Times on Friday.

The ports-energy conglomerate, run by Adani, Asia’s richest man, unveiled plans in late August to acquire a majority stake in NDTV, considered a bastion of independent media.

The takeover attempt raised concerns among journalists and politicians that a change in ownership could undermine NDTV’s editorial integrity.

Founded in 1988 and owned by married couple Prana Roy and Radhika Roy, NDTV has previously stated that the move Adam The group “was executed without any input, conversation or consent from the founders of NDTV”. Adani hails from the western state of Gujarat, the home state of Prime Minister Narendra Modi.

India’s main opposition party in Congress has often accused Adani and other billionaires of being favored by Modi’s federal administration.

“Independence means that if the government has done something wrong, you will say it is wrong,” Adani told the FT. “But at the same time, you have to have the courage to have the government do the right thing every day. You should also say so.”

Adani added that he invited NDTV founding owner Pranoy Roy to remain as chairman after the acquisition is completed.

NDTV’s business competitors are Times Now, owned by the Times Group, and CNN-News18, owned by Network18, controlled by Indian billionaire Mukesh Ambani.

Adani also revealed in an interview that he plans to invest over $4 billion in a petrochemical complex in the state of Gujarat.

According to the report, it plans to launch a “super app” in the next three to six months to connect Adani Airport passengers with other Adani Group services.