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New Delhi, June 20

New Delhi Television has informed the Bombay Stock Exchange that Dr Prannoy Roy, Chairman and Whole-time Director, has offloaded about two per cent share in the company for about Rs 56.5 crore. The company informed the stock exchange of the transaction t through a notice on June 19. Mr Roy’s stake has come down from 26.62 per cent to 24.63 per cent post the transaction. The media house has ventured into entertainment recently and has plans for launching new channels. In January, the American media giant NBC Universal invested $150 million for a 26 per cent stake in NDTV Networks — the overseas subsidiary responsible for New Delhi Television’s entertainment and lifestyle channels and digital media ventures.

– Our Bureau

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Prannoy Roy offloads 2% in NDTV

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