New Delhi Television Ltd said on Friday that some of its senior executives, including chairperson Suparna Singh, have resigned, less than a month after the Adani group took control of about 65% of the Indian broadcaster. NDTV’s chief strategy officer, Arijit Chatterjee, and chief technology and product officer, Kavaljit Singh Bedi, also resigned, coming after […]
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 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 […]
“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 […]
AMG Media Networks Ltd, a wholly owned subsidiary of Adani Enterprises, had in August bought 100 per cent equity stake in Vishwapradhan Commercial Private Limited or VCPL. Later that month, the Adani Group announced that it would acquire a 29.18 percent stake in NDTV through VPCL. NDTV had then said that the acquisition was done […]
More than a decade ago, NDTV founders Radhika and Prannoy Roy took a loan of 4 billion Indian rupees ($49.00 million) from a company acquired by Adani in August. In return, they issued warrants that allowed the company to acquire a 29.18% stake in the news group. NDTV sought to block the transfer of shares […]
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 […]