The Adani Group on Friday said it had acquired 27.26 per cent equity stake in NDTV from the promoters -- Prannoy Roy and Radhika Roy -- indicating that the group had acquired the majority stake in the media firm.
Discussions with Gautam Adani have been constructive since the Open Offer was launched and the suggestions that have been made were accepted by Adani Group chief "positively and with openness".
The statement of disclosure by the news broadcaster showed that the acquisition of 5,330,792 equity shares, having a face value of Rs 4 each at a price of Rs 294 per share of New Delhi Television Ltd which is pursuant to an open offer under the Sebi Regulations, by VCPL.
Prannoy Roy and wife Radhika Roy, founders and promoters of channel New Delhi Television (NDTV), resigned as Directors on the Board of Radhika Roy Prannoy Roy Holding Private Limited (RRPRH), the company said in a regulatory filing to the stock exchanges on Tuesday.
New Delhi [India], June 14 (ANI): Security Exchange Board of India (SEBI) on Friday barred NDTV Ltd's three key promoters - Prannoy Roy, Radhika Roy and their holding firm RRPR Holdings Pvt Ltd from accessing the security markets for two years.
New Delhi [India], June 5 (ANI): The Central Bureau of Investigation (CBI) on Monday registered a case against Co-Founder and Executive Co-Chairperson of NDTV, Prannoy Roy, his wife Radhika Roy, a private company and others for causing an alleged loss to a bank.