Television

Prannoy Roy & Radhika Roy resign from NDTV board 

The Adani Group launched an open offer on 22 November to acquire an additional 26% stake in NDTV.

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Mumbai: News broadcaster NDTV Ltd., in a regulatory filing on Tuesday, announced that the company’s owner and founders, Prannoy Roy & Radhika Roy, have stepped down as directors.

In addition to this, the broadcaster said that Sudipta Bhattacharya, Sanjay Pugalia, and Senthil Sinniah Chengalvarayan have been appointed as directors on the board of RRPR Holdings Pvt. Ltd., the promoter group vehicle of news media company New Delhi Television Ltd. (NDTV), with immediate effect.

On 23 August, The Adani Group acquired a 29.18 per cent stake in 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 of the company. On November 22, the Adani Group announced an open offer for an additional 26 per cent stake in NDTV that would run until 5 December.

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