Adani Group to have its nominees on NDTV Board

Chennai, Dec 10 (IANS): The Board of New Delhi Television Ltd (NDTV) has approved a proposal to invite the Adani Group's RRPR Holding Private Ltd to nominate two Directors to the former's Board.

The decision was taken at the Board meeting of NDTV that was held on Friday and intimated to the bourses later in the day.

RRPR Holding hold 29.18 per cent stake in NDTV.

The appointment will be considered in the next meeting of Board of Directors, scheduled to be held on December 23, NDTV said.

With the Adani Group acquiring 99.5 per cent stake in the RRPR Holding, the latter's original promoters Prannoy Roy and Radhika Roy resigned as Directors recently.

However, Prannoy Roy and Radhika Roy hold 15.94 per cent and 16.32 per cent stake, respectively, in NDTV.

On the other hand, Sudipta Bhattacharya, Sanjay Pugalia and Senthil Sinniah Chengalvarayan were appointed as Directors of RRPR Holdings.

The Adani Group has also made an open offer to acquire an additional 26 per cent stake in NDTV at a price Rs 294 per share.

Meanwhile at the bourses, NDTV share prices are on the downward slide after touching a high of Rs 470.05 on December 1.

On Friday, the share closed at Rs 330.95 on the BSE.



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Comment on this article

  • william, Mangalore

    Sat, Dec 10 2022

    Money Power, fake news round the clock, drugs supply and what not, to remain in power without any remarkable performance. Saying is loud and clear that these industrialists have full pledged support to non performing leaders where they are not bothered about the country and people than just look forward to mint money as much as possible.

    DisAgree [1] Agree [12] Reply Report Abuse

  • RonRon, Udupi

    Sat, Dec 10 2022

    NDTV toothless tiger

    DisAgree [4] Agree [4] Reply Report Abuse

  • nitin, bangalore, udupi

    Sat, Dec 10 2022

    why did Adani not buy any other channel ?? because they are already doing what MODi/Shah/Rss/BJP want them to do. that is destroying india.

    DisAgree [5] Agree [15] Reply Report Abuse

  • Moshu, Mangaluru

    Sat, Dec 10 2022

    Final nail in the coffin 4th pillar of democracy.. Sanghi media ke sare ungliyan ab ghee me..Behti Ganga me sab haat dhoyenge aur desh ki janatha ko 24x7 hawa hawai samcharon se avgat karaenge... Jai Ho Modiji ki.... No more news channels in my TV ...

    DisAgree [5] Agree [19] Reply Report Abuse

  • myna, mysuru

    Sat, Dec 10 2022

    With NDTV rechristened as ANDTV with Adani's takeover the TRP of this media is likely to crash as the main role will be to project "HIS MASTERS VOICE - HMV". The voice of a free and fair media is chocked forever.

    DisAgree [3] Agree [15] Reply Report Abuse

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