From Roys to Adani: How NDTV promoter firm RRPR changed hands in 3 months

Tuesday night development completes Round 1 of Adani group's acquisition plan; Round 2 to conclude next week

New Delhi Television (NDTV) on Tuesday night disclosed to the stock exchanges that its promoters, Radhika Roy and Prannoy Roy, had stepped down as directors from the board of RRPR Holding, an NDTV promoter entity. At the same time, the board of RRPR Holding had approved the appointment of three people, Sudipta Bhattacharya, Senthil Chengalvarayan and Sanjay Pugalia, as directors, NDTV said.

The development was crucial and came a day after Radhika Roy Prannoy Roy (RRPR) Holding had transferred shares constituting 99.5 per cent of its equity capital to Vishvapradhan Commercial Pvt Ltd (VCPL), which is owned by the Adani