Northeast India’s Only English and Hindi Satellite News Channel

NDTV co-founder Prannoy Roy, wife steps down as NDTV directors

First Published: 30th November, 2022 15:00 IST

Prannoy Roy and his wife Radhika Roy, founders and promoters of NDTV, resigned as directors of the Board of RRPR Holding Private Limited

Prannoy Roy and his wife Radhika Roy, founders and promoters of channel New Delhi Television (NDTV), resigned as directors on the Board of RRPR Holding Private Limited, a promoter group vehicle of NDTV, the company said in a regulatory filing to the stock exchanges on Tuesday.

RRPR Holding, the promoter group vehicle of NDTV, holds 29.18 per cent stake in NDTV, which is being taken over by the Adani group, owned by businessman Gautam Adani.

“NDTV’s promoter group vehicle RRPRH has approved Prannoy Roy & Radhika Roy’s resignation following a meeting held on November 29, the statement read.

Also Read : Singer Daler Mehndi’s 1.5 Acre Gurugram Farmhouse Sealed, Illegally Constructed, Say Authorities

“RRPRH has approved Sudipta Bhattacharya, Sanjay Pugalia & Senthil Sinniah Chengalvarayan as new directors on Board with immediate effect,” the statement added.

Earlier in August this year, Vishvapradhan Commercial Private Limited (VCPL), a wholly owned subsidiary of AMG Media Networks Limited (AMNL) which is a 100 per cent subsidiary of Adani Enterprises Limited (AEL), exercised the rights and acquired 99.5 per cent of the equity shares of RRPR Holding Private Limited, a promoter group company of NDTV.

Following this, Adani Group decided to make an open offer to acquire the next 26 per cent state stake in NDTV, which will take the group’s total stake to 55.18 per cent, enough to take the ownership right of NDTV.

Earlier in October, the Adani Group informed both exchanges, BSE and NSE, that its indirect subsidiary, Vishvapradhan Commercial Pvt Limited (VCPL), had made an open offer to the public shareholders of New Delhi Television Ltd. However, the Roys hold a 32.26 per cent stake in NDTV. (ANI)

COMMENTS

Leave a Reply

Your email address will not be published. Required fields are marked *

WE RECOMMEND

Banner
Epigamia Co-Founder Rohan Mirchandani Passes Away at 41 Due to Heart Attack

The company’s leadership decided to continue to manage the business.

23rd December 2024
Banner
7 Indian nationals injured in Magdeburg Christmas market attack

Of these,three have been discharged from the hospital, while the Indian Mission is closely monitoring the condition of the remaining victims.

22nd December 2024
Banner
Nagaland MP Accuses Rahul Gandhi of Standing Too Close to Her, Making Her Feel Uncomfortable

MP Phangnon Konyak has filed a complaint with Rajya Sabha Chairman against Congress leader Rahul Gandhi

19th December 2024
Banner
GRAP Stage IV reintroduced in NCR as AQI breaches 400 mark

This comes after the Air Quality Index in Delhi breached the 400 mark. AQI was recorded as 399 at 9 pm and 401 at 10 pm.

17th December 2024
Banner
India, Bangladesh to commemorate 1971 war ‘Vijay Diwas’ with annual exchange of veterans today

The event also gave an opportunity to the tribal community to showcase their talent.

16th December 2024