In yet another attempt to thwart Adani Group’s proposed takeover of a controlling stake in New Delhi Television (NDTV), the media firm said transferring its shares would require Income Tax Department’s approvals. On its part, Adani Group termed it as “without merit or basis in law or fact” and an attempt to “inordinately delay” the deal. The media firm, in a regulatory update, said the I-T Department had “provisionally” attached shares held by RRPR Holding (RRPRH), a promoter group company, in 2017 and also barred founder-promoters Radhika and Prannoy Roy from selling stake following a dispute in reassessment of taxes. …
