The Adani Group recently announced that its media unit was set to buy a majority stake in NDTV.
Akil Hirani, Managing Partner and Head of Transactions Practice, was quoted by The Economic Times on the topic.
“NDTV can adopt the classic takeover defence of bringing in a white knight (a rival buyer with deep pockets), who can counter and pay a price higher than that offered by the acquirer,” he said.
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