NDTV Prannoy Roy

The appointment of directors, NDTV said, would be taken up at its next board meet on December 23

Conglomerate can now propose reconstitution of board, say proxy advisory firms

Ravish Kumar has been an integral part of NDTV for more than two decades and has been conferred with the prestigious Ramon Magsaysay award and Ramnath Goenka Excellence in Journalism Award twice

Sudipta Bhattacharya, Sanjay Pugalia, Senthil Chengalvarayan were appointed as the Roys stepped down

Tuesday night development completes Round 1 of Adani group's acquisition plan; Round 2 to conclude next week

This means that the existing and longstanding promoters and management of NDTV has exited the company. The Adani group takeover is thus complete

On Monday both NDTV and the Adani group sought Sebi's guidance on whether or not RRPR Holdings, the promoter entity of NDTV, can transfer its shares to the Adani group

Prannoy and Radhika Roy have their backs to the wall as the Adani group pushes through the doors at the news network. What are their options?

NDTV had earlier said Sebi had restrained the Roys from buying, selling or otherwise dealing in securities, directly or indirectly, for a period of two years, ending on November 26 2022

At the bourses, NDTV has been one of the best performing stocks. In the past three months, the counter has gained nearly 140 per cent, as compared to 8 per cent rise in the S&P BSE Sensex

Adani group's acquisition of 34-year-old broadcaster NDTV will help its owner Gautam Adani, the world's fourth-richest man, to join a club of global tycoons in the media business. But behind that acquisition is an unpaid loan that New Delhi Television's (NDTV) founders Prannoy and Radhika Roy had taken from a company linked to rival billionaire Mukesh Ambani in 2009-10. Vishvapradhan Commercial Pvt Ltd had loaned Rs 403.85 crore to NDTV promoter company RRPR Holding Pvt Ltd. Against this interest-free loan, RRPR issued warrants to VCPL entitling it to convert them into a 99.9 per cent stake in RRPR in case it isn't paid-back. VCPL ownership changed hands in 2012. Adani group firm first acquired VCPL from its new owner and exercised the option to convert unpaid debt into a 29.18 per cent stake in the news channel company. Thereafter, it made a Rs 493 crore open offer to buy an additional 26 per cent stake from the public in line with the country's takeover norms. Roys considered ...

Shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08. On the upside, the stock can surge to Rs 450.

The existing promoter group (Roy family) of NDTV has claimed Adani group firms had acquired the stake without consulting its promoters, thus, there may be some legal repercussion ahead.

The author recounts how disagreements between NDTV and Star India's ad sales team triggered a split between the two in this exclusive excerpt

With reference to the report, 'CBI raids premises of NDTV founders'

Meanwhile, NDTV took its business news channel, NDTV Profit, off air yesterday

Complaint by Quantum alleges Rs 48-cr loss caused to bank to benefit NDTV promoters