NDTV founders Prannoy and Radhika Roy resign as directors of RRPRH board
NDTV founders Prannoy and Radhika Roy resign as directors of RRPRH board
The board also appointed Sudipta Bhattacharya, Sanjay Pugalia and Senthil Chengalvarayan as directors on RRPRH board with immediate effect.
Prannoy Roy and Radhika RoyIANS
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In a dramatic late night development on Tuesday, November 29, the new NDTV board approved the resignations of founders Prannoy Roy and Radhika Roy as directors of RRPR Holding Private Ltd (RRPRH), the promoter group vehicle of New Delhi Television Ltd (NDTV). This means that the existing and longstanding promoters and management of NDTV have also resigned as directors from the NDTV board. The Adani group takeover is thus complete. The board also appointed Sudipta Bhattacharya, Sanjay Pugalia and Senthil Chengalvarayan as directors on RRPRH board with immediate effect.
NDTV said in a statement to the stock exchanges that it "has been informed by the Promoter Group vehicle RRPR Holding Private Limited (RRPRH) that the Board of Directors at the meeting held today i.e. November 29, 2022, have approved:
1. Appointment of Mr. Sudipta Bhattacharya , Mr. Sanjay Pugalia, and Mr. Senthil Sinniah Chengalvarayan, as Directors on the Board of RRPRH, with immediate effect; and 2. Resignation of Dr. Prannoy Roy and Mrs. Radhika Roy as Directors on the Board of RRPRH, with effect from the close of business hours of November 29, 2022."
