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Adani Enterprises takes full control of IANS with final stake buy
Rs 4.7 crore deal completes acquisition, making news agency wholly owned unit
MUMBAI: Adani Enterprises has tightened its grip on the media space, completing the acquisition of the remaining stake in IANS India Private Limited and turning the news agency into a wholly owned step-down subsidiary.
The final leg of the deal was executed through AMG Media Networks Limited, which picked up the balance 24 per cent Category I shares with voting rights and 0.74 per cent Category II shares without voting rights. The all-cash transaction, valued at Rs 4.70 crore, brings to a close a process first set in motion in January this year.
A regulatory filing under SEBI confirmed that the acquisition was completed on 24 March 2026. The company also disclosed the development to BSE Limited and National Stock Exchange of India Limited, in line with listing requirements.
With the transaction now wrapped up, IANS sits fully within Adani’s media fold under a two-tier structure led by AMNL. While classified as a related party transaction, the company noted it was carried out on an arm’s length basis.
Founded in 1994, IANS has long been in the business of gathering and distributing news content. However, its financials tell a softer story, with turnover slipping over recent years to Rs 8.81 crore in FY25 from Rs 11.86 crore in FY23.
For Adani Enterprises, the move signals more than a tidy consolidation. It sharpens its media ambitions, placing IANS firmly within its growing content and distribution play.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
