Radhika Roy and Prannoy Roy, the founders of New Delhi Television Ltd (NDTV) have resigned as directors on the board of RRPR Holding Private Limited with effect from the close of business hours of November 29, 2022.
Adani Closes In On NDTV Takeover: Unless Roys Have A Secret Ace Up Their Sleeve, End Game In Sight As SEBI Approves Open Offer swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
In the latest development, NDTV has shot a letter to Adani Group stating the latter won't be able to acquire the proposed 99.5 per cent share in RRPR Pvt Ltd due to Sebi prohibition on Prannoy Roy and Radhika Roy from engaging in any securities transactions.
The Roys have responded to the billionaire's midnight raid by saying that SEBI approval is required before the acquisition of NDTV's holding company goes through.