Adani’s open offer for NDTV subscribed 32%
Once the ₹493-crore open offer goes through, the Gautam Adani-led conglomerate’s stake in the news broadcaster will increase to 37.44%. In August, Adani acquired a 29.18% stake in the broadcasting company. As of September 30, 2022, promoters Prannoy Roy and Radhika Roy owned 15.94% and 16.32% stakes in the company.
Metal stocks shine as China relaxes Covid-zero policy
As many as 12 Chinese cities reportedly loosened Covid-related restrictions, a positive sign for an economy that has been grappling with strict virus measures for over two years. China is the top importer of various metals and minerals.