NDTV founders resign from board after Adani takes control

India’s New Delhi Television Ltd said on Friday that its founders Prannoy Roy and Radhika Roy had resigned as directors after billionaire Gautam Adani’s group took majority control of the media company. Along with Roy, four other independent directors have also resigned, effective December 30, NDTV said in a statement. Adani Enterprises Limited, through subsidiaries […]

Shares of India’s NDTV soar as founders plan to sell stake to Adani

Shares of Indian news broadcaster New Delhi Television Ltd rose over 4% on Monday after founders Prannoy Roy and Radhika Roy said they would transfer their 27.26% stake in the company to Adani Group. Following the deal, the Indian conglomerate, led by billionaire Gautam Adani, will control 64.71% of NDTV, while the founders will jointly […]

Billionaire Adani founder sells stake to control around 65% of NDTV

“AMG Media Network, following the recent open offer, is now the largest shareholder in NDTV. Consequently, by mutual agreement, we have decided to sell majority of our shares in NDTV to AMG Media Network,” the founders said in a statement. , NDTV’s acquisition of the port-to-energy conglomerate sparked fears among some journalists that one of […]

John Abraham jailed for 15-day

Actor John Abraham`s surrender plea in a rash driving case has been rejected by the Mumbai sessions court. Mr Abraham had been taken into custody after the court today agreed that he should spend 15 days in jail for rash and negligent driving, a sentence given to him by a lower court in 2010. The […]