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With none dialogue with New Delhi Tv Restricted (NDTV) or its founder-promoters, Radhika and Prannoy Roy, a discover was served upon them by Vishvapradhan Industrial Non-public Restricted (VCPL) stating that it (VCPL) has acquired management of RRPR Holding Non-public Restricted (RRPRH). This entity owns 29.18% of NDTV. It has been given two days to switch all its fairness shares to VCPL.
VCPL has exercised its rights based mostly on a mortgage settlement it entered with NDTV founders Radhika and Prannoy Roy in 2009-10.
The NDTV founders and the Firm wish to make it clear that this train of rights by VCPL was executed with none enter from, dialog with, or consent of the NDTV founders, who, like NDTV, have been made conscious of this train of rights solely at present. As lately as yesterday, NDTV had knowledgeable the inventory exchanges that there was no change within the shareholding of its founders.
NDTV has by no means compromised on the center of its operations – its journalism. We proceed to proudly stand by that journalism.
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