MUMBAI: Marking a definitive turn in Adani Group's takeover of NDTV, both its founders Prannoy Roy and Radhika Roy on Tuesday resigned from the board of RRPR Holdings, the main holding entity of the promoters that owns a 29.2% stake in the media house. At the same time, three new people - Sudipta Bhattacharya, Sanjay Pugalia and Senthil Sinniah Chengalvarayan - were inducted into the company's board as directors, a disclosure on BSE late on Tuesday said.
On Monday, RRPR Holdings had informed exchanges that it had converted warrants that were earlier issued to Vishvapradhan Commercial (VCPL) into equity shares. By virtue of this conversion into equity shares, VCPL, a company controlled by the Adani Group, will now hold the promoter's 29.2% stake in NDTV.
