NDTV co-founders and shareholders to sell most of their stake in broadcaster to Adani Group

NDTV co-founders and shareholders to sell most of their stake in broadcaster to Adani Group

New Delhi: NDTV founders Prannoy Roy and also his spouse Radhika Roy on Friday said they will market 27.26 percent out of their remaining 32.26 percent shareholding in the news broadcaster to Adani Group.

This complies with Adani Group ending up being the single largest shareholder in New Delhi Tv Ltd (NDTV) after very first buying out a firm backed by the owners and then getting more shares from the open market.

“As a result, with common agreement we have actually made a decision to divest most of our shares in NDTV to (Adani Team company) AMG Media Network,” the owners claimed in a statement to stock market.

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