News

NDTV's promoter group made an open offer in 2008, for which they borrowed Rs 5.40 billion from Indiabulls Financial Services to finance this open offer The Securities and Exchange Board of India (Sebi) on Tuesday passed an order asking Vishvapradhan Commercial Pvt Ltd (VCPL) to make an open offer in New Delhi Television Ltd (NDTV). The order noted that VCPL had acquired indirect control through a loan agreement in 2009, which would have necessitated an open offer at the time. The regulator has now asked for this open offer to be made with interest. “The noticee shall, along with the offer price, pay interest at the rate of 10 per cent per annum from the date when they incurred the liability to make the public announcement till the date of payment of consideration,” said the order. The loan in question also originated from a separate open offer. NDTV’s promoter group made an open offer in 2008, for which they borrowed Rs 5.40 billion from Indiabulls Financial Servi...

Ajay Chitkara has been appointed as Director and CEO, Airtel Business to spearhead the domestic and global enterprise business as one unit Country's top telecom operator Bharti Airtel has announced senior leadership appointments for its B2B unit. Ajay Chitkara has been appointed as Director and CEO, Airtel Business to spearhead the domestic and global enterprise business as one unit. Chitkara will continue reporting to Gopal Vittal, MD and CEO, Bharti Airtel. Airtel also announced the appointment of Pankaj Miglani as CEO - Global Business. Miglani will report to Ajay Chitkara. In his previous role, Miglani was CFO, Bharti Infratel and played a key role in the company's IPO in 2012. Chitkara has been with Airtel since 2001 and is credited with building brand Airtel in the global wholesale segment. In his previous role as Director & CEO, Global Business and Nxtra, he was responsible for creating business strategies for Carriers, Global Enterprise and...