Adani Gets NDTV; Owners, Journalist & Magsaysay Awardee Ravish Kumar Quit

NEW DELHI, (IANS) – Senior journalist Ravish Kumar has resigned from his post as senior executive editor at NDTV India, according to reports.

The news channel announced his resignation through an internal communication on November 30. “Few journalists have impacted people as much as Ravish,” reports quoting the internal communication said.

The Ramon Magsaysay award-winning news anchor used to host the popular programs Prime Time’, ‘Ravish Ki Report’, ‘Hum Log’ and ‘Desh Ki Baat’.

NDTV said that his resignation came into effect immediately, sources said.

The resignation came a day after the new NDTV board approved the resignations of founders Prannoy Roy and Radhika Roy as directors of RRPR Holding Private Ltd (RRPRH), the promoter group vehicle of NDTV. This meant that the existing and longstanding promoters and management of NDTV have now exited the company.

The board also appointed Sanjay Pugalia and Senthil Chengalvarayan as directors on RRPRH board with immediate effect.

NDTV’s promoter firm RRPR Holding had on stated that it had transferred shares constituting 99.5 per cent of its equity capital to Adani group-owned Vishvapradhan Commercial, 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 percent stake in NDTV. The diversified conglomerate is also conducting an open offer for another 26 percent stake in the media firm.