Takeover of NDTV a ‘responsibility’
Indian billionaire Gautam Adani sees the takeover of news broadcaster New Delhi Television Ltd (NDTV) NDTV.NS as a "responsibility" rather than a business opportunity, he said in an interview with the Financial Times yesterday.
The ports-to-energy conglomerate run by Adani, Asia's richest person, unveiled plans late in August to acquire a majority stake in NDTV, seen as a bastion of independent media.
The takeover attempt has triggered concerns among journalists and politicians that a change of ownership could undermine NDTV's editorial integrity.
Adani hails from the western state of Gujarat, the home state of Prime Minister Narendra Modi.
India's main opposition Congress party has often accused Adani and other billionaires of getting favourable policy treatment from Modi's federal administration.
"Independence means if government has done something wrong, you say it's wrong," Adani said in the FT interview. "But at the same time, you should have courage when the government is doing the right thing every day. You have to also say that."
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