Acquisition of 29 per cent of NDTV without any discussion, consent or notice

Without any further discussion with New Delhi Television Limited (NDTV) or its founder-promoters, Radhika & Prannoy Roy, a notice has been served to them by Vishwapradhan Commercial Private Limited (VCPL), stating that it has has acquired control of RRPR Holding Private Limited (RRPRH). This company owns 29.18 percent shares of NDTV. RRPRH has been given two days to transfer all its equity shares to VCPL.
The rights exercised by VCPL are based on the loan agreement it entered into with Radhika and Prannoy Roy, the founders of NDTV, in the year 2009-10.

NDTV’s Founders and Company would like to clarify that this exercise of rights by VCPL has been done without any input, negotiation or consent of the NDTV’s founders, and that NDTV’s Founders shall be made aware of this exercise of rights as of NDTV today. has been found. Recently, in fact only yesterday, NDTV had informed the stock exchanges that there has been no change in the shareholding of the founders.

NDTV has never compromised on its core work, that is, its journalism. We stand proudly with the same journalism even today.