Prannoy Roy and Radhika Roy, who founded New Delhi Television Ltd (NDTV), have stepped down as directors of promoter group vehicle RRPRH with immediate effect. Prannoy Roy is the chairperson of NDTV and Radhika Roy is the executive director.
According to the latest update, shares owned by the founders have been issued to a unit of Adani Group.
In another development, the board of RRPR Holding has approved the appointment of Sudipta Bhattacharya, Sanjay Pugalia and Senthil Sinniah Chengalvarayan as Directors on its board with immediate effect.
On August 23, Gautam Adani-led Adani Group, a conglomerate with diverse business interests, acquired 29.18% stake in NDTV Ltd.