Adani takes control of NDTV, Prannoy & Radhika Roy resign

`New Delhi: Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of the stake of founders, Prannoy Roy and Radhika Roy, at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm.

The Adani Group now holds 64.71 per cent of New Delhi Television Ltd (NDTV), according to a regulatory filing.

In a later development, NDTV said the Roys, along with four other directors, have resigned following the change of ownership.

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