MUMBAI: Rajeev Chandrasekhar, after being sworn in as BJP’s Rajya Sabha MP on Tuesday, has resigned from the board of directors of ARG Outlier Asianet News Pvt Ltd, the company that owns Republic TV.
The media owner-turned-politician resigned from his position on March 31.
“I have taken this decision because of my recent joining of [the] BJP and being elected as a BJP MP. As you are aware, from 2006 I have been in public life as an Independent MP and not a member of any political party. Since I am now a member of the BJP, I believe it is in the best interest of Republic TV's brand and team that I no longer serve on the board,” reads a press statement issued by Chandrasekhar on Monday.
It goes on to state, “In my career as an investor and entrepreneur, I have had the privilege of investing and building several successful companies and brands. The Media Tech investment in Republic ranks high amongst my many investments and it has been a pleasure to witness first-hand the amazing journey and growth over the first year of this exciting Media Tech Brand and company under the leadership of Arnab and his team."
On March 12, Chandrasekhar joined the BJP a day after the party nominated him as their candidate in the Rajya Sabha election, which was held on March 23. Prior to joining the BJP, Rajeev has been a Rajya Sabha MP twice before, first in 2006 and then in 2012 as an independent candidate. He got the support of the BJP and JD(S) on both occasions.
Republic TV went on air on 6 May 2017.
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