Adani Group to have its nominees on NDTV Board

The Board of New Delhi Television Ltd (NDTV) has approved a proposal to invite the Adani Group’s RRPR Holding Private Ltd to nominate two directors to the former’s board.

The decision was taken at the board meeting of NDTV that was held on Friday and intimated to the bourses later in the day.

RRPR Holding holds 29.18 per cent stake in NDTV.

The appointment will be considered in the next meeting of the Board of Directors, scheduled to be held on December 23, NDTV said.

With the Adani Group acquiring 99.5 per cent stake in RRPR Holding, the latter’s original promoters Prannoy Roy and Radhika Roy resigned as directors recently.