Gautam Adani’s group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum, PTI has reported.

In a regulatory filing, Adani Enterprises – the firm that holds the group’s media interest –said its subsidiary “AMG Media Networks Ltd (AMNL) has acquired a 50. 50% stake constituting equity shares of IANS India Pvt Ltd.” The company did not disclose the acquisition price.

In the filing, it said, “AMNL has also signed a shareholders’ agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS.”

“All operational and management control of IANS will be with AMNL and AMNL will have the right to appoint all directors of IANS,” the filing said. “Pursuant to the acquisition as set out above, IANS is now a subsidiary of AMNL.”

IANS had a revenue of Rs 11.86 crore in the fiscal year 2022-23.

Adani entered into the media business in March last year when it acquired Quintillion Business Media, which operates the business and financial news digital media platform BQ Prime.

Later in December, it took a nearly 65% stake in broadcaster NDTV.