NDTV sells 7.38% stake in subsidiary to landlord of Delhi office premises
Media firm NDTV has sold 7.38 per cent stake in subsidiary Red Pixels Ventures to A R Chadha And Co, the landlord of its office premises in the national capital, to meet working capital requirements and pay outstanding rent. “The board of directors of the company…considered and approved transfer of up to 7.38 per cent stake of the company at the rate of Rs 59,824 per equity share in Red Pixels Ventures Ltd (RPVL), a material subsidiary of the company, to A R Chadha And Co (India) Pvt Ltd, the…
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