ANI
30 Nov 2022, 04:48 GMT+10
New Delhi [India], November 30 (ANI): Prannoy Roy and his wife Radhika Roy, founders and promoters of channel New Delhi Television (NDTV), resigned as directors on the Board of RRPR Holding Private Limited, a promoter group vehicle of NDTV, the company said in a regulatory filing to the stock exchanges on Tuesday.
RRPR Holding, the promoter group vehicle of NDTV, holds 29.18 per cent stake in NDTV, which is being taken over by the Adani group, owned by businessman Gautam Adani.
"NDTV's promoter group vehicle RRPRH has approved Prannoy RoyRadhika Roy's resignation following a meeting held on November 29, the statement read.
"RRPRH has approved Sudipta Bhattacharya, Sanjay PugaliaSenthil Sinniah Chengalvarayan as new directors on Board with immediate effect," the statement added.
Earlier in August this year, Vishvapradhan Commercial Private Limited (VCPL), a wholly owned subsidiary of AMG Media Networks Limited (AMNL) which is a 100 per cent subsidiary of Adani Enterprises Limited (AEL), exercised the rights and acquired 99.5 per cent of the equity shares of RRPR Holding Private Limited, a promoter group company of NDTV.
Following this, Adani Group decided to make an open offer to acquire the next 26 per cent state stake in NDTV, which will take the group's total stake to 55.18 per cent, enough to take the ownership right of NDTV.
Earlier in October, the Adani Group informed both exchanges, BSE and NSE, that its indirect subsidiary, Vishvapradhan Commercial Pvt Limited (VCPL), had made an open offer to the public shareholders of New Delhi Television Ltd.
However, the Roys hold a 32.26 per cent stake in NDTV. (ANI)Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationMILAN, Italy: Prada CEO Andrea Guerra suggested this week that the Italian luxury brand is keeping its options open regarding potential...
DUBLIN, Ireland: Homelessness in Ireland has reached an all-time high, with 15,286 people in emergency accommodation in January 2025,...
TOKYO, Japan: The number of babies born in Japan fell to a record low of 720,988 in 2024 for a ninth consecutive year, the health ministry...
AUSTIN, Texas: Tesla has taken a key step toward launching its long-promised robotaxi service by applying for a transportation permit...
WASHINGTON, D.C.: The U.S. military has 30 days to decide how it will find and remove transgender service members. This may involve...
Kalaburgi (Karnataka) [India], March 8 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Saturday called upon women to make preparations...
ROME, Italy: Italy's agricultural sector is bracing for a major hit as U.S. tariffs threaten exports of iconic products like Prosecco...
WASHINGTON, D.C.: Former U.S. President Donald Trump says he wants to cut federal funding for colleges that allow what he calls illegal...
CNN - In a recent interview with CNN's Christiane Amanpour, Canadian Foreign Minister Mélanie Joly expressed strong opposition to President...
NEWARK, New Jersey: Over the weekend, a FedEx Boeing 767 cargo plane hit a bird while taking off from Newark Airport. One of its...
WASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...