*The NDTV had taken loan from the RRPR Holding Private Limited (RRPRH). *The loan agreement - made in 2009-10, provides that in case of non-repayment of the loan amount, it would convert into equity shares of the NDTV. Thus the RRPRH owns 29.18% shares of the NDTV. *Now, the Adani group, via an enterprise controlled by it - the VCPL, has purchased the RRPRH. *The VCPL, now, has, all of a sudden, served a notice to the NDTV to transfer the 29.18% shares to the VCPL - controlled by the Adani group, within two days.
That's how it looks like right at this moment. The implications of and the intent underlying this takeover, given that (i) the NDTV is virtually the only mainstream TV channel that doesn't blindly and blatantly toe the line of the Modi regime and (ii) the Adani group is very much the most favoured, to put it rather mildly, corporate group of the incumbent regime, must be all too evident. (In the above context, one may refer to just two, not-too-old, news clippings: I. < https://m.economictimes.com/news/politics-and-nation/ndtv-founders-detained-at-city-airport-roys-say-fake-case/articleshow/70609683.cms >. II. < https://www.adaniwatch.org/explosive_allegations_about_adani_and_the_pms_of_india_and_sri_lanka >.) <<Without any discussion with New Delhi Television Limited (NDTV) or its founder-promoters, Radhika and Prannoy Roy, a notice was served upon them by Vishvapradhan Commercial Private Limited (VCPL) stating that it (VCPL) has acquired control of RRPR Holding Private Limited (RRPRH). This entity owns 29.18% of NDTV. It has been given two days to transfer all its equity shares to VCPL. VCPL has exercised its rights based on a loan agreement it entered with NDTV founders Radhika and Prannoy Roy in 2009-10. The NDTV founders and the Company would like to make it clear that this exercise of rights by VCPL was executed without any input from, conversation with, or consent of the NDTV founders, who, like NDTV, have been made aware of this exercise of rights only today. As recently as yesterday, NDTV had informed the stock exchanges that there was no change in the shareholding of its founders. NDTV has never compromised on the heart of its operations - its journalism. We continue to proudly stand by that journalism.>> (Excerpted from: < https://www.ndtv.com/communication/29-of-ndtv-acquired-without-discussion-consent-or-notice-3279896 >.) -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web, visit https://groups.google.com/d/msgid/greenyouth/CACEsOZiKHSwYdqtfvN81GkyeP0QRL1nHc7%2B4nBqPCcYT2Q5QnA%40mail.gmail.com.
