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Radhika, Prannoy Roy resign from NDTV promoter firm RRPR Holding's board

NDTV had previously said the takeover move "was executed without any input from, conversation with, or consent of the NDTV founders"

Topics
Adani Group | NDTV | Prannoy Roy

Reuters  |  New Delhi 



NDTV logo. Photo: Wikimedia Commons
Photo: Wikimedia Commons

New Delhi Television Ltd said late on Tuesday founders Radhika Roy and had resigned as directors on the board of the promoter group vehicle RRPR Holding Private Ltd.

The resignation comes a day after said an entity backed by the founders had issued shares to a unit of Adani Group, taking the billionaire Gautam Adani-led conglomerate a step closer to taking over the media firm.

NDTV, founded in 1988 and owned by husband-and-wife team and Radhika Roy, had previously said the takeover move "was executed without any input from, conversation with, or consent of the founders".

The promoter group vehicle, which owns 29.2% and is the largest shareholder of NDTV, approved the appointment of Sudipta Bhattacharya, Senthil Sinniah Chengalvarayan, Sanjay Pugalia as directors on its board, said in a regulatory filing.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Tue, November 29 2022. 23:38 IST

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