Prannoy Roy and his partner Radhika Roy, the creators and promoters of channel New Delhi Television, resigned as directors on the Board of RRPR Holding Private Limited . RRPR Holding, the promoter group vehicle of, owns 29.18 percent of the company .
New Delhi, India, November 30: In a stock exchange filing on Tuesday, Prannoy Roy and his partner Radhika Roy, the creators and promoters of channel New Delhi Television, resigned as directors on the Board of RRPR Holding Private Limited, a promoter group vehicle of the corporation.Following a meeting on November 29, RRPR Holding, the promoter group vehicle of, owns 29.18 percent of the company, which is being taken over by the Adani company, owned by businessman Gautam Adani.Sudipta Bhattacharya, Sanjay Pugalia, and Senthil Sinniah Chengalvarayan have been elected to the Board of Directors by the RRPRH with immediate effect, according to the release.Vishvapradhan Commercial Private Limited (VCPL), a wholly owned subsidiary of AMG Media Networks Limited (AMNL), which is a 100 percent subsidiary of Adani Enterprises Limited (AEL), exercised the rights and acquired 99.5 percent of RRPR Holding Private Limited, a promoter group company of.
The Roys do however own a 32.26 percent stake in the company.