BJP's Rajeev Chandrasekhar bids adieu to Republic TV

Media honcho Rajeev Chandrasekhar, who recently joined Bharatiya Janata Party (BJP), has resigned from ARG Outlier Asianet News Private Limited that owns Arnab Goswami's Republic TV.

In a statement, Rajeev Chandrasekhar said, "I have taken this decision because of my recent joining of BJP and being elected as BJP MP."

"As you are aware, from 2006 I have been in public life as an Independent MI and not a member of any political party. Since I am now a member of the BJP, I believe it is in the best interest of Republic TV's brand and team that I no longer serve on the board," the official statement further read.

Chandrasekhar was one of the largest investors and a director in Republic and his resignation has come to effect from March 31.