NDTV, or New Delhi Television Limited, is an Indian television media company founded by Prannoy Roy and Radhika Roy in 1988. The company is known for its news coverage, particularly in the areas of politics, business, and entertainment. Over the years, there have been various claims and controversies regarding the ownership of NDTV. Here's what we know:
As of 2021, NDTV is owned and operated by RRPR Holdings Private Limited, which is owned by Prannoy Roy and Radhika Roy. The Roys own a 61.45% stake in the company, while the remaining shares are held by institutional investors and the public.
However, there have been several controversies surrounding the ownership of NDTV in the past. In 2017, the Central Bureau of Investigation (CBI) conducted searches at the residences of Prannoy Roy and Radhika Roy in connection with an alleged bank loan default case. The CBI also registered a case against NDTV and its founders for allegedly causing a loss of Rs. 48 crore to ICICI Bank. The Roys denied the allegations, calling them politically motivated.
In 2019, the Securities and Exchange Board of India (SEBI) issued a show-cause notice to NDTV for allegedly not disclosing information about loan agreements entered into by the company with Vishvapradhan Commercial Private Limited (VCPL) in 2009. The Roys were also named in the notice. NDTV denied the allegations and said that it had disclosed all relevant information in its annual reports.
In addition to these controversies, there have been allegations that NDTV has received funding from foreign sources, which is not permitted under Indian law. However, NDTV has denied these allegations and maintained that it has always complied with the law.