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Billionaire Gautam Adani’s group has taken full control of news agency IANS by purchasing the remaining 24% 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% 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%, and nearly all non-voting shares, up from 50.5% 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% of Category-1 shares of IANS and 99.26% of Category-II shares. “Acquisition of following shares in IANS (is being done) by AMNL—24% Category I shares—with voting rights; 0.74% Category II shares—without voting rights,” it said.
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.
The IANS acquisition extend,s Adani’s presence across the content supply chain that serves publishers, broadcasters and digital platforms.
Published – January 23, 2026 03:05 pm IST
