New Delhi Television Ltd (NDTV) on November 29 said its promoter entity RRPR Holding Pvt Ltd has approved the resignation of Radhika Roy and Prannoy Roy as directors on the firm's board.
Their resignation comes into "effect from the close of business hours of November 29, 2022", the media outlet said in a regulatory filing.
The exchange filing further noted that RRPR has approved the appointment of Sudipta Bhattacharya, the chief technology officer of Adani group; Senthil Sinniah Chengalvarayan, an official of Vishvapradhan Commercial Pvt Ltd (VCPL), and veteran journalist Sanjay Pugalia as directors on its board.
Radhika Roy and Prannoy Roy are the co-founders of NDTV. Their resignation as directors of RRPR comes a day after the firm transferred its shares constituting up to 99.5 percent of its equity capital to VCPL, which is owned by AMG Media Network Ltd (AMNL), the media arm of Adani group.