NDTV founders Prannoy Roy and Radhika Roy have resigned as directors from the board of promoter entity RRPR Holding, with effect from Tuesday, NDTV reportedly said in an announcement to the stock exchanges.
RRPR Holding board has also approved the appointment of Adani group representatives Sudipta Bhattacharya, Sanjay Pugalia, and Senthil Sinniah Chengalvarayan as directors with immediate effect. Adani Group-controlled Vishvapradhan Commercial Pvt. (VPCL) has gained control of NDTV’s promoter entity.
On August 23, Gautam Adani-led Adani Group, a conglomerate with diverse business interests, acquired 29.18 per cent stake in television channel NDTV Ltd, and said it would launch an open offer as required by the Securities and Exchange Board of India (SEBI) to buy another 26 per cent in the company. On November 22, the Adani Group launched its open offer to acquire an additional 26 per cent stake in NDTV. The offer is to remain open until December 5, 2022.
