Upendra Kumar Sinha. File.
| Photo Credit: Kamal Narang
Former Securities Exchange Board of India (SEBI) chairman Upendra Kumar Sinha has been appointed as an independent director and non-executive chairperson of the NDTV board of directors, the corporate knowledgeable inventory exchanges on March 27.
Welspun India CEO Dipali Goenka has additionally been appointed as an independent director on the board of NDTV.
“In line with the Adani Group’s objective to ensure NDTV’s independence and professionalism, U.K. Sinha and Dipali Goenka have been appointed Independent Directors of NDTV for a period of two years effective March 27, 2023, based on the recommendations of the Nomination and Remuneration Committee, and subject to the approval of shareholders and Ministry of Information and Broadcasting. U.K. Sinha has also been designated as Non-Executive Chairperson of NDTV,” the corporate stated in its official communication.
U.Okay. Sinha had served as the Chairman of SEBI between 2011 and 2017. He was additionally Joint Secretary within the Ministry of Finance and overlooking the Banking and Capital Markets Divisions. Mr. Sinha joined the Indian Administrative Service in 1976. He holds a M.Sc. and LLB diploma.
Dipali Goenka is the Chief Executive Officer and Managing Director of Welspun India Limited. She was the chairperson of ASSOCHAM Women’s council and is at the moment on board of Consumption platform at World financial discussion board. She is a graduate in Psychology and a Harvard alumnus, the corporate stated in its assertion
The Adani Group on December 30, 2022 acquired 27.26% fairness stake in NDTV from Prannoy Roy and his spouse Radhika Roy — founders of the information broadcaster.
Adani Group acquired a 29.18% stake in NDTV by shopping for an organization backed by the tv community’s founders, Ms. Radhika Roy and Mr. Prannoy Roy. Thereafter, it made an open supply to accumulate an extra 26% from public shareholders.
