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NDTV promoter RRPR Holding said it has transferred 99.5 percent of its equity to the Adani Group-owned company.
New Delhi Television Limited (NDTV) media director Pranoj Rai and his wife Radhika Rai have resigned from their posts.
NDTV Ltd told the stock exchange on Tuesday that it has been informed by the promoter group unit and RRPR Holding Pvt Ltd that Pranaj Roy and Radhika Roy have resigned as directors of the company. It may be noted that this came into effect yesterday and NDTV’s Sudipta Bhattacharia and Sanjai Puglia and Senthil Samia Changalvaraian have been made directors with immediate effect.
NDTV promoter RRPR Holding on Monday said it has transferred 99.5 percent of its equity to Adani Group-owned Vishvapradhan Commercial Pvt Ltd (VCPL). RRPR Holding stated in a letter to the stock exchange that the capital was transferred on Monday. With the transfer of these shares, the Adani group will get a 29.18% stake in NDTV. In addition, the Adani Group is making an open offer for an additional 26 percent on December 5.