NDTV interim CEO Suparna Singh resigns

August 22, 2019 16:32

Media firm NDTV on Thursday said its Interim CEO Suparna Singh has resigned, with immediate effect. "Suparna Singh has informed the company that she will step down from her responsibilities as Interim CEO with immediate effect," NDTV said in a regulatory filing.

NDTV said pursuant to a board resolution on December 4, 2017, the board resolved to appoint Suparna Singh as its CEO subject to the receipt of requisite approval from the Ministry of Information and Broadcasting.

"This approval was promptly applied for on December 12, 2017, but has not yet been received. Subsequently, Suparna Singh and the company entered into an appointment agreement to appoint Singh as the CEO where the appointment was conditional upon receipt of such approval," NDTV added.

Accordingly, Suparna Singh has been acting as the interim CEO during this interregnum, the company said. NDTV said the matter will be placed before board and committee members for consideration.

The CBI has booked NDTV promoters Prannoy Roy and Radhika Roy and others for allegedly violating foreign direct investment rules in a 2007-09 investment, a charge denied by the company. Besides the Roys, the agency registered a First Information Report against then CEO Vikramaditya Chandra as well as unidentified government officials on charges of criminal conspiracy, cheating and corruption, officials had said on Wednesday. -- PTI

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