NDTV founders Prannoy Roy and Radhika Roy have resigned from RRPR Holding Pvt Ltd.
Image Credit source: File Photo
ndtv (NDTV) Founder Prannoy Roy and Radhika Roy has RRPR Holding Private Limited Resigned from. NDTV has Bombay Stock Exchange has informed about the resignation of Prannoy Roy and Radhika Roy. It was told that Pranay and Radhika have resigned from the post of directors of the company. This will be effective from today itself.
Following the resignation of Pranay and Radhika, Sanjay Puglia, Sudipta Bhattacharya, Senthil Sineya Chengalvaryan have been appointed as directors on the board of RRPR Holding Private Limited with immediate effect. Adani Group acquired 29.18 percent stake in NDTV on Monday.
Open offer for 26 percent
NDTV’s promoter company had said on Monday that it has transferred 99.5 per cent of its equity capital to Adani Group-owned VCPL. With the transfer of these shares, Adani Group will get 29.18 per cent stake in NDTV. At the same time, Adani Group had announced to bring an open offer in the market for another 26 percent stake in NDTV. Along with this, Adani Group has also made an open offer for additional 26 per cent stake, which will end by December 5.
Buying NDTV was a responsibility – Adani
Adani Group Chairman Gautam Adani recently said in an interview that buying NDTV was not a business opportunity but it was his responsibility. During this, he had said that freedom means to say right to right and wrong to wrong. He said that if the government has done something wrong, then you should say that it is wrong. On the other hand, if the government is doing something good, then you should also have the courage to call it good. Along with this, he also invited NDTV’s owner-founder Prannoy Roy to remain its head.
Source: www.tv9hindi.com”