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Radhika and Prannoy Roy resign; Adani men take over NDTV holding company

This was announced in a letter to the BSE and the NSE


It is the end of an era at NDTV as Radhika Roy and Prannoy Roy ceased to be directors of the channel’s holding company, RRPR Holdings Pvt Ltd, from "the close of business hours of November 29, 2022". 

The confirmation came in a letter signed by Parinita Bhutani Duggal, company secretary and compliance officer of New Delhi Television Ltd, and addressed to the secretary, BSE Limited, and the assistant vice-president of The National Stock Exchange.

The letter said: "NDTV has been informed by the Promoter Group vehicle RRPR Holdings Private Limited (RRPRH) that the Board of Directors at the meeting held (on November 29, 2022) have approved:

"1. Appointment of Mr. Sudipta Bhattacharya (DIN: 0006817333), Mr. Sanjay Pugalia (DIN: 0008360398), and Mr. Senthil Sinniah Chengalvarayan (DIN: 02330757) as Directors on the Board of RRPRH with immediate effect; and

"2. Resignation of Dr. Prannoy Roy (DIN: 00025576) and Mrs. Radhika Roy (DIN: 00025625) as Directors on the Board of RRPRH with effect from the close of business hours of November 29, 2022."

While Pugalia and Chengalvarayan are journalists, Bhattacharya is CEO, Adani Group (North America) and chief technology officer of the group. Earlier, he was CEO, Adani Ports and SEZ (APSEZ), and chief strategy officer for the group.

Pugalia has wide experience with news channels, having set up Star News (Hindi) and being part of the team that launched Aaj Tak and CNBC-Awaaz. He was also president of Quint Digital Media Ltd. He is now CEO and editor-in-chief of AMG Media, the media arm of Adani Enterprises. Chengalvarayan was the founding editor of CNBC TV18 and former editor-in-chief of Network 18’s business desk. 


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