Prannoy Roy, Radhika Roy resign as directors of NDTV
New Delhi: Founders and promoters of the news channel New Delhi Television (NDTV) Prannoy Roy and Radhika Roy resigned as directors of the RRPR Holding Private Limited board, the company said on Tuesday, in a regulatory filing to the stock exchanges.
The promoter group vehicle of NDTV, RRPR Holding holds 29.18 per cent stake in the news channel which is being taken over by the Gautam Adani-owned Adani Group, reports ANI.
Following a meeting on Tuesday, RRPRH has approved the resignation of the Roys. Sudipta Bhattacharya, Sanjay Pugalia and Senthil Sinniah Chengalvarayan will be the new directors with immediate effect, the company statement said.
Up to 99.5 per cent of the equity shares of RRPRH was acquired in August this year by Vishvapradhan Commercial Private Limited, a subsidiary of AMG Media Network Limited, which, in turn, is a subsidiary of the Adani Enterprises Limited. The Adani Group made an open offer to take 26 per cent stake in NDTV, thereby gaining 55.18 per cent stake, which would empower it to take over the news channel as owner.
The Roys hold up to 32.26 per cent stake in the news channel.
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Waqf (Amendment) Bill passed in Lok Sabha with 288 votes
New Delhi: The Lok Sabha on Thursday passed the Waqf (Amendment) Bill, with 288 votes in favor and 232 against, following an intense and fiery debate that saw heated exchanges between the government and the opposition.
