NDTV is reportedly changing hands and it is the co-founder of SpiceJet, Ajay Singh who would be helming the channel and might also shoulder the editorial rights.
SpiceJet’s co-founder Ajay Singh is reportedly taking over NDTV as CBI probe has been ordered for its founders, Prannoy Roy, Radhika Roy and promoter firm RRPR Holding Pvt Ltd. on charges of hiding a share transaction, The Indian Express reported. Singh has about 40 percent stake in NDTV, which is higher than the 20 percent stake of the channel’s co-founders, Prannoy Roy and Radhika Roy.
So, far nothing has been confirmed officially, however, according to a source the deal has been finalized. He was also heard stating, “Yes, the deal has been finalised and Ajay Singh will take control of NDTV along with editorial rights.”
It must be mentioned here that Singh was the one who coined the slogan for the BJP’s 2014 campaign, “abki baar Modi Sarkar.” And along with the 40 percent stake, he is also said to have taken over the 400 crore debts and it is estimated that the total deal value is 600 crore.
Notably, it was on June 5 that raids at the residences of the founders were conducted by the CBI. NDTV touted the raids to be deliberate attacks on the press’ freedom. It was also said in the statement that the FIR was filed by the CBI on the basis of a “shoddy complaint” that was allegedly made by a former consultant, on the basis of his displeasure.