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.
The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial, which is managing the offer.
NDTV had informed the stock exchanges that RRPR Holdings Ltd, which owns 29.18% of the broadcaster, has been told to transfer within two days all its equity shares to VCPL
Now it’s becoming clearer why the NDTV is taken over by the Adani group. It appears to be a hostile act by the Adani Group where the NDTV was not consulted before the takeover.