Rajeev Chandrasekhar has resigned as a director from the board of ARG Outlier Asianet News, the parent company of Republic TV , with effect from March 31, according to a statement issued by his office on Monday.
“I have taken this decision because of my recent joining of BJP and being elected as a BJP MP,” Mr. Chandrasekhar said in the statement. “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.”
On March 11, BJP nominated Mr. Chandrasekhar as the its candidate for the Rajya Sabha election which took place on March 23, and a day later he joined the party. He was an Member of Parliament in 2006 and 2012 as an independent candidate, though he got support of both the BJP and JD (S).
“In my career as an investor and entrepreneur I have had the privilege of investing and building several successful companies and brands,” he said. “The Media Tech investment in Republic ranks 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 under the leadership of Arnab and his team.”
Mr. Chandrasekhar is also the founder and chairman of financial services and investment firm, Jupiter Capital.
