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Tweet on deal between Zee Media and Adani Group completely baseless and false, no such agreement signed

A fake news is doing the round that Adani enterprise will acquire Zee media in an all cash deal at Rs 30 per share.

Tweet on deal between Zee Media and Adani Group completely baseless and false, no such agreement signed

New Delhi: News related to an agreement between Zee Media and Adani Enterprises being circulated on social media are completely false and baseless. There has been no talk between both groups, but news has lately been doing the rounds in the social media where it is being claimed that Adani Group has bought a stake in Zee Media in an all-cash deal. 

According to the fake claim, an exclusive agreement has been made between Gautam Adani and Essel Group Chairman Dr Subhash Chandra. Zee Media company management has outrightly rejected any such claims.

"We completely refute any such rumor being spread by some journalist around talks between Dr. Subhash Chandra and Gautam Adani related to Zee Media. There is no talk between both groups. This is a false news," Ronak Jatwala, official spokesperson for the company said.

The entire chaos and confusion around the news is being propelled by a Twitter user by the name of Anurag Chaturvedi. He has tweeted that Gautam Adani and Subhash Chandra have entered into an exclusive agreement.  Adani enterprise to acquire Zee media in an all-cash deal at Rs 30 per share. Sanjay Pugalia to be CEO of Zee news.

Zee Media Management has said that one should not pay any attention to any such rumours. There has been no conversation of any kind between the two groups. Some journalist have spread rumours on Twitter and social media.

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