The founders of New Delhi Television Ltd. (NDTV) have resigned from the board of the promoter group vehicle, which owns a major stake in the Indian news network, as Adani Group’s takeover of the company draws to a close.
NDTV announced Tuesday that its promoter group vehicle, RRPR Holding Private Ltd., has approved the resignations of Prannoy Roy and Radhika Roy—the husband and wife who founded the news outlet in 1988.
The board also approved the appointment of Sudipta Bhattacharya, Sanjay Pugalia, and Senthil Sinniah Chengalvarayan as new directors with immediate effect, the company said in a statement posted by ANI….