NDTV’s Roys to sell remaining majority holding to Adani group

NDTV founders Prannoy Roy and his wife Radhika Roy on Friday said they will sell 27.26 per cent out of their remaining 32.26 per cent shareholding in the news broadcaster to Adani Group, which would take the total holding of the latter to over 60 percent. This follows Adani Group becoming the single largest shareholder […]

Ravish Kumar quits NDTV

Senior journalist Ravish Kumar has decided to quit his post as senior executive editor at NDTV India. As per an IANS report, the news channel is said to have announced his resignation through an internal communication on Wednesday. NDTV said that his resignation came into effect immediately. “Few journalists have impacted people as much as […]

Roys resign from NDTV promoter firm board; Adani Grp. names directors

New Delhi Television Ltd founders Prannoy Roy and Radhika Roy have resigned as directors of promoter group vehicle RRPRH with immediate effect, the company said in a regulatory filing late Tuesday. NDTV, founded in 1988 and owned by husband-and-wife team Prannoy Roy and Radhika Roy, had previously said the takeover move “was executed without any […]

NDTV a ‘responsibility’ not a biz opportunity: Gautam Adani to FT

Indian billionaire Gautam Adani sees the takeover of news broadcaster New Delhi Television Ltd (NDTV)as a “responsibility” rather than a business opportunity, he said in an interview with the Financial Times on Friday. The ports-to-energy conglomerate run by Adani, Asia’s richest person, unveiled plans late in August to acquire a majority stake in NDTV, seen […]

Adani group rejects NDTV claims on need for tax clearance

The Adani group rejected claims by New Delhi Television Ltd. (NDTV) that a major stake sale by its founders would require clearance from India’s tax authorities, as a public wrangle to take control of the popular news network intensified. The Adani conglomerate run by India’s richest man, Gautam Adani, last week unveiled plans to acquire […]

NDTV seeks clarification from regulator on share transfer

New Delhi Television said early Monday that its promoter group has written to India market regulator asking it to clarify whether the regulator’s order in 2020 restricts conversion of warrants issued to Vishvapradhan Commercial Pvt Ltd (VCPL) into equity shares. Indian billionaire Gautam Adani’s conglomerate last week said it was seeking to control a majority stake […]