AMG media buys out remaining IANS stake, Adani expands media footprint
Industrialist Gautam Adani‘s group has taken full control of debt-ridden Anil Ambani-owned news agency IANS by purchasing the remaining 24 percent stake for an undisclosed sum of money. AMG Media Networks Ltd, the media arm of the group’s flagship firm Adani Enterprises, has entered into a share purchase agreement to acquire the remaining stake in IANS India Private Limited, according to a stock exchange filing by the company. It, however, did not disclose the financial details of the transaction.
The group in December 2023 acquired a majority 50.50 percent stake in IANS (Indo-Asian News Service), making the newswire agency a subsidiary of the Adani media arm. In January 2024, AMG Media Networks (AMNL) increased its ownership of IANS shares with voting rights to 76 percent, and nearly all non-voting shares, up from 50.5 percent each earlier.
“AMNL has now executed a Share Purchase Agreement on January 21, 2026, to acquire the remaining stake in IANS. Upon completion of the proposed transaction, IANS shall become a wholly-owned step-down subsidiary of the company,” Adani Enterprises Ltd said in the filing. Prior to this, AMNL held 76 percent of Category-1 shares of IANS and 99.26 percent of Category-II shares.
“Acquisition of following shares in IANS (is being done) by AMNL – 24 percent Category I shares – with voting rights; 0.74 percent Category II shares – without voting rights,” it said. IANS, one of India’s established multi-language news agencies, provides news content across print, digital, and broadcast platforms. The full takeover further deepens Adani’s presence in the media and content ecosystem, following earlier moves, including stakes in NDTV and other media properties.
Adani Group’s entry into the media sector began in 2022 as part of a strategic diversification beyond its traditional strengths in ports, energy, and infrastructure. In April 2022, Adani Enterprises set up AMG Media Networks Ltd as its primary vehicle for media and publishing acquisitions. Soon after, AMG Media bought a stake in Quintillion Business Media Ltd, operator of the business and financial news digital platform BQ Prime.
In December 2022, the group moved into mainstream broadcast news by acquiring a controlling stake (around 65 percent) in NDTV, one of India’s leading news broadcasters. This was followed by the group’s first acquisition of IANS (Indo-Asian News Service) on December 15, 2023.
The acquisitions – from BQ Prime to NDTV to IANS – underscore Adani’s rapid build-out of a multi-platform media presence, spanning digital, broadcast, and newswire services. The IANS acquisition extends Adani’s presence across the content supply chain that serves publishers, broadcasters, and digital platforms.
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