Journalist Ravish Kumar resigns from NDTV

Journalist Ravish Kumar. [File Photo]

New Delhi: Senior journalist Ravish Kumar has resigned as senior executive editor of NDTV, reports said on Wednesday evening.

The journalist’s resignation comes a day after the NDTV’s founders and promoters Prannoy Roy and Radhika Roy resigned as directors on the board of RRPR Holding Private Limited (RRPRH).

The board has also approved the appointment of Sanjay Pugalia and Senthil Chengalvarayan as directors on board of RRPRH with immediate effect.

Kumar joined New Delhi Television Network (NDTV) in 1996 and worked his way up from being a field reporter.

After NDTV launched its 24-hour Hindi-language news channel – NDTV India – targeting the country’s 422 million native speakers of Hindi, he was given his own daily show “Prime Time.”

Earlier, the board appointed Sanjay Pugalia and Senthil Chengalvarayan as directors on RRPRH board with immediate effect.

On Monday, NDTV’s promoter firm RRPR Holding stated that it had transferred shares constituting 99.5 per cent of its equity capital to Adani group-owned Vishvapradhan Commercial (VCPL), thus completing the official takeover of NDTV by the Adani group.

The transfer of shares will give the Adani group control over a 29.18 per cent stake in NDTV. The diversified conglomerate is also conducting an open offer for another 26 per cent stake in the media firm.

The open offer, which began on November 22,and will end on December 5, has seen shareholders tender 5.3 million shares, or 31.78 per cent of the issue size of 16.7 million shares, so far, the exchange data showed.



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