Three senior NDTV executives resign as broadcaster looks to restructure

Three top executives of NDTV, including the group president, have resigned. This news comes just weeks after the Adani group led by Gautam Adani gained complete control of the news broadcaster.

NDTV group’s President Suparna Singh, Chief Strategy Officer Arijit Chatterjee and Chief Technology and Product Officer Kawaljit Singh Bedi have resigned, the company said in a regulatory filing.

Also Read: Adani to pay additional amount for NDTV shares to match payment to founders

“The Company is in the process of putting up a new leadership team, which will set a fresh strategic direction and goals for the Company,” NDTV said.

Last month, the media firm said its founders Prannoy Roy and Radhika Roy had resigned as directors after billionaire Gautam Adani’s conglomerate took majority control of the company.

Along with the Roys, four other independent directors also resigned, effective December 30, NDTV said in a statement.

Also Read: Adani takes control of NDTV, buys promoters at 17 pc premium to open offer price

Adani Enterprises Ltd, through subsidiaries RRPR Holding and Vishvapradhan Commercial, now owns 64.72 per cent of NDTV, which runs three national channels.

NDTV will give Adani Group a footprint in the media space as part of its broader diversification spree that has led to the expansion of the conglomerate beyond coal mining and ports into airports, data centres, cement and digital services.

Also Read: Pranoy, Radhika Roy to sell most of their NDTV stake to Adani Group

The Roys will continue to hold a 2.5 per cent stake each in NDTV.

Shares of NDTV on Friday settled at Rs 305 apiece on BSE, up 4.67 per cent from the previous close.

(With agency inputs)