NDTV co-founder Prannoy Roy, spouse renounce from board

Through On-line Table

NEW DELHI: Prannoy Roy and his spouse Radhika Roy, founders and promoters of channel New Delhi Tv (NDTV), have resigned as Administrators at the Board of RRPR Protecting Personal Restricted, with impact from November 29, the corporate mentioned in a regulatory submitting on Tuesday. 

RRPR Protecting, the promoter team automobile of NDTV, holds 29.18 in line with cent stake in NDTV, which is being taken over via the Adani team, owned via businessman Gautam Adani.

In a letter on Tuesday, NDTV advised the Bombay Inventory Change, “NDTV has been knowledgeable via the Promoter Staff automobile RRPR Protecting Personal Restricted (RRPRH) that the Board of Administrators on the assembly held as of late i.e. November 29, 2022, have authorized:

1. Appointment of Mr Sudipta Bhattacharya (DIN: 0006817333), Mr Sanjay Pugalia (DIN: 0008360398), and Mr Senthil Sinniah Chengalvarayan (DIN: 02330757), as Administrators at the Board of RRPRH, with speedy impact; and
2. Resignation of Dr Prannoy Roy (DIN: 00025576) and Mrs Radhika Roy (DIN: 00025625) as Administrators at the Board of RRPRH, with impact from the shut of commercial hours of November 29, 2022.”

Previous in August this 12 months, Vishvapradhan Industrial Personal Restricted (VCPL), an entirely owned subsidiary of AMG Media Networks Restricted (AMNL) which is a 100 in line with cent subsidiary of Adani Enterprises Restricted (AEL), exercised the rights and bought 99.5 in line with cent of the fairness stocks of RRPR Protecting Personal Restricted, a promoter team corporate of NDTV.

Following this, Adani Staff made up our minds to make an open be offering to procure the following 26 in line with cent state stake in NDTV, which is able to take the crowd’s general stake to 55.18 in line with cent, sufficient to take the possession proper of NDTV.

Previous in October, the Adani Staff knowledgeable each exchanges, BSE and NSE, that its oblique subsidiary, Vishvapradhan Industrial Pvt Restricted (VCPL), had made an open be offering to the general public shareholders of New Delhi Tv Ltd.

Stocks of NDTV have rallied following Adani’s hobby within the corporate. Alternatively, the Roys grasp a 32.26 in line with cent stake in NDTV. 

(With inputs from ANI)

NEW DELHI: Prannoy Roy and his spouse Radhika Roy, founders and promoters of channel New Delhi Tv (NDTV), have resigned as Administrators at the Board of RRPR Protecting Personal Restricted, with impact from November 29, the corporate mentioned in a regulatory submitting on Tuesday. 

RRPR Protecting, the promoter team automobile of NDTV, holds 29.18 in line with cent stake in NDTV, which is being taken over via the Adani team, owned via businessman Gautam Adani.

In a letter on Tuesday, NDTV advised the Bombay Inventory Change, “NDTV has been knowledgeable via the Promoter Staff automobile RRPR Protecting Personal Restricted (RRPRH) that the Board of Administrators on the assembly held as of late i.e. November 29, 2022, have authorized:

1. Appointment of Mr Sudipta Bhattacharya (DIN: 0006817333), Mr Sanjay Pugalia (DIN: 0008360398), and Mr Senthil Sinniah Chengalvarayan (DIN: 02330757), as Administrators at the Board of RRPRH, with speedy impact; and
2. Resignation of Dr Prannoy Roy (DIN: 00025576) and Mrs Radhika Roy (DIN: 00025625) as Administrators at the Board of RRPRH, with impact from the shut of commercial hours of November 29, 2022.”

Previous in August this 12 months, Vishvapradhan Industrial Personal Restricted (VCPL), an entirely owned subsidiary of AMG Media Networks Restricted (AMNL) which is a 100 in line with cent subsidiary of Adani Enterprises Restricted (AEL), exercised the rights and bought 99.5 in line with cent of the fairness stocks of RRPR Protecting Personal Restricted, a promoter team corporate of NDTV.

Following this, Adani Staff made up our minds to make an open be offering to procure the following 26 in line with cent state stake in NDTV, which is able to take the crowd’s general stake to 55.18 in line with cent, sufficient to take the possession proper of NDTV.

Previous in October, the Adani Staff knowledgeable each exchanges, BSE and NSE, that its oblique subsidiary, Vishvapradhan Industrial Pvt Restricted (VCPL), had made an open be offering to the general public shareholders of New Delhi Tv Ltd.

Stocks of NDTV have rallied following Adani’s hobby within the corporate. Alternatively, the Roys grasp a 32.26 in line with cent stake in NDTV. 

(With inputs from ANI)