Adani Group’s media arm, AMG Media Networks, has increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth ₹5 crore ($601,801). Following this, Adani’s ownership of IANS shares with voting rights has risen to 76%, along with nearly all non-voting shares. This move is part of Adani’s recent forays into the media sector, including acquiring a 65% stake in news broadcaster NDTV in December 2022 and Quintillion Business Media earlier the same year.