Television

SpiceJet's Ajay Singh may take control of NDTV, latter denies (updated)

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MUMBAI: NDTV may change hands as its founders -- Prannoy Roy, Radhika Roy and the promoter firm RRPR Holding -- are facing a CBI probe for allegedly concealing a share transaction. A senior NDTV official, however, told the Hindu that the reports were untrue.

Singh, it was earlier reported, will have controlling stake in NDTV of around 40 per cent and the promoters Roy and his wife will hold around 20 per cent in the company.

Sources had told the Indian Express that SpiceJet CMD Ajay Singh, of who was also part of the BJP’s 2014 poll campaign, has bought a majority holding in the news channel. Ajay Singh is set to take control of NDTV along with editorial rights, the source was quoted as saying

The CBI had in June conducted searches at the residences of the Roys. Refuting the allegations, NDTV had said that the CBI had filed its FIR based on a complaint by a “disgruntled” former NDTV consultant.

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