India

SpiceJet Ajay Singh to acquire NDTV’s editorial right

SpiceJet Ajay Singh to acquire  NDTV’s editorial right
Written by Pallavi Parmar

NDTV the oldest news channel set to acquire by the SpiceJet’s Ajay Singh who coined Abki Baar Modi Sarkar tagline. New Delhi Television Limited (NDTV) was founded by Prannoy Roy and Radhika Roy in the year 1988. And now as per the reports, it is going to control by the Ajay Singh the co-founder and owner of the Spicejet company.

Now, the owner of Spicejet Ajay Singh is set to control all the editorial rights of the NDTV channel. Whereas according to the sources, NDTV has denied the taking over reports of the news channel. They denied that Spicejet Ajay Singh taking over NDTV. And said that the official statement to be issued by the today’s evening. As per the reports, the owner of NDTV Prannoy Roy and Radhika Roy will hold around 20 percent in NDTV while Ajay Singh will hold around 40 percent share in the company.

As per the reports, Today the shares of NDTV hit upper circuit of Rs 53.10 and owner of SpiceJet Ajay Singh has picked up a majority stake in the news channel. So, this why many news organisations reported that Spicejet owner is set to control NDTV news channel. Last year in the corresponding quarter NDTV reported a net loss of Rs 44.55 crore.

About the author

Pallavi Parmar

Journalism is my profession, Blogging and Writing are my passion, Travelling is my love, Food is my life and Feminist by nature.