Prannoy Roy, wife Radhika Roy resign as NDTV takeover by Adani group nears

NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared takeover of the television channel.

RRPR, which has been acquired by the Adani Group, held 29.18 per cent stake in the news channel.

The Roys, however, still hold a 32.26 per cent stake in NDTV as promoters and have not resigned from the board of the news channel.

Meanwhile, shares of NDTV continued to rally for the fifth day running on Wednesday, further climbing 5 per cent to hit its highest permissible trading limit for the day.