Award-winning Indian journalist Ravish Kumar has stepped down from his role at broadcaster NDTV, which is in the process of a hostile takeover by Indian billionaire Guatam Adani.
His resignation came one day after NDTV co-founders Prannoy and Radhika Roy resigned as directors of RRPR Holding, one of the backers of NDTV.
On November 22, the Adani Group started the process of acquiring an additional 26% stake in the broadcaster, which following the acquisition of a 29.18% stake announced in August, gives it a controlling 55% share.
NDTV put out a statement in August saying that Adani’s move to acquire the shareholdings had been undertaken without first consulting the co-founders, who hold a 32.26% stake.
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