RRPR, or Radhika Roy Prannoy Roy Holdings Private Limited is the promoter of NDTV. It held a 29.18 percent stake in the news channel.

More than a decade ago, NDTV founders Radhika and Prannoy Roy had taken an interest-free loan of over ₹400 crores from VCPL that the Adani group acquired in August.

The loan agreement required Prannoy Roy and Radhika Roy, who together held 55.5 percent in NDTV at the end of June 2009, to transfer some of their shares to RRPR Holdings.

After buying VCPL, Adani exercised the option to convert unpaid debt into a 29.18 percent stake in the news channel company.

The conversion of warrants into equity because of non-payment of the loan, gave the Adani group entity almost all shares of RRPR Holdings.

Thereafter, it made a ₹493 crore open offer to buy an additional 26 percent stake from the public in line with the country's takeover norms.

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