Narayana Murthy among 4 inducted on NDTV board

Narayana Murthy among 4 inducted on NDTV board

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NEW DELHI: Dr Prannoy Roy's New Delhi Television Limited has inducted some new faces on its board as independent members. The noted names among these are Infosys chairman and chief mentor NR Narayana Murthy and Confederation of Indian Industry (CII) director general Tarun Das

Also inducted to the board are former chairman of Price Waterhouse Coopers Amal Ganguli and Seagull Foundation for the Arts Peaceworks Programme co-ordinator Indrani Roy.

NDTV has also received the listing and trading approval from BSE and NSE and its shares are expected to start trading from tomorrow (May 18).

NDTV's public issue, which began from 21 April, was aimed at raising Rs 1090 million by offering shares of Rs 4 face value in a price band of Rs 63-70. The stated aim of the IPO is for working capital requirements and to repay Rs 380 million debt. At least 60 per cent of the issue will be allocated on discretionary basis to qualified institutional buyers (QIBs), not less than 15 per cent to non-institutional buyers and the remaining 25 per cent for retail bidders.