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Wednesday, 19 February 2020 05:11

Arnab Goswami controls 82% of equity share: Republic Media

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As per clarification issued by Republic TV, Arnab Goswami, Republic Media Network’s editor-in-chief controls over 82 per cent shareholder equity through his promoter entity in ARG Outlier Media Pvt Ltd, said a company press release.

It said: “Arnab Goswami though his personal investment and family structures entirely controlled by him, had around 84 % of shareholder equity through his promoter entity in ARG Outlier Media Pvt Ltd at the time of the launch of the English Channel Republic TV.”

It added: “The aim is to make the shareholder pattern public in the backdrop of a series of misleading reports in Indian and international media, making false and malafide claims about the ownership of the consolidated network.”

Apart from English news channel, Republic Bharat is a general Hindi news channel, and there is a news website www.republicworld.com. 

The group added: “Goswami being a sole promoter of the company owns 99 percent equity in the downstream digital entity that controls the digital assets of the network under the URL www.republicworld.com.”

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