The sweetener offered by billionaire Gautam Adani’s conglomerate to the once-defiant founders of NDTV could test India’s takeover regulations that require all shareholders to be paid the same price by an acquirer. Founders Prannoy Roy and Radhika Roy sold 27.26% of their equity in NDTV to Adani-controlled RRPR Holding Pvt. at 342.65 rupees ($4.1426) per share, according to an exchange filing Friday.
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