Prannoy, Radhika Roy step down as NDTV directors

TIL Desk/Business/New Delhi/ Prannoy Roy and his wife Radhika Roy, founders and promoters of 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 Roy & Radhika Roy’s resignation following a meeting held on November 29,’ the statement read.

‘RRPRH has approved Sudipta Bhattacharya, Sanjay Pugalia & Senthil 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.