NDTV promoters Roys hold 61.45% stake
New Delhi: Media firm NDTV on Monday said its promoters Prannoy and Radhika Roy individually and through their company RRPR Holding Private Ltd continue to hold 61.45 per cent shares of the company.
This clarfication comes after the capital markets regulator Sebi last week ordered a little-known entity, Vishvapradhan Commercial, to make an open offer for NDTV Ltd for indirectly acquiring control of up to 52 per cent stake through a convertible loan of Rs 350 crore in 2009 'sourced' from a subsidiary of Reliance Industries.
"...There has been no change in control as Prannoy Roy and Radhika Roy individually and through their company, i.e., RRPR Holding Private Ltd continue to own and hold 61.45 per cent of the total paid up share capital of NDTV, and control NDTV," NDTV said in a regulatory filing.
NTDV's shares have shot up by 74 per cent since stock closing price of June 26. The company's stock on Monday hit upper circuit at Rs 56.55 apiece on the BSE.
The ownership of Delhi-based 'wholesale trading' firm Vishvapradhan Commercial Private Ltd (VCPL), incorporated in 2008, is said to have later changed hands from RIL to Nahara group, from which the Mukesh Ambani-led firm had bought Infotel Broadband in 2010 to re-enter the telecom business.