The Adani group dominated the news headlines. First, it acquired a 29% stake in news broadcaster NDTV through a subsidiary that had bought Vishvapradhan Commercial Pvt. Ltd (VCPL), which held convertible debentures in NDTV against loans given. But there was some bad news too for the sprawling conglomerate, with a unit of Fitch expressing fears of falling into a debt trap following its unbridled expansion.
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