The founders of New Delhi Television Ltd. resigned from the board of the holding company that owns a major stake in the Indian broadcaster as Asia’s richest man, Gautam Adani, gains ground in the hostile takeover battle.
Prannoy and Radhika Roy, the husband and wife journalist team who set up the media house in the 1980s, stepped down from RRPR Holding Pvt., NDTV said in a statement late Tuesday. The vehicle owns an almost 30% stake in NDTV and was indirectly acquired by the Adani Group in August -- triggering a wider open offer by the powerful Indian ...
