Renowned entrepreneur and investor Rajeev Chandrasekhar resigned as board director of ARG Outlier Asianet News Private Limited, which runs news channel Republic TV, as he had recently joined the BJP.
"I have resigned as a Board Director from ARG Outlier Asianet News Private Limited with effect from 31st March 2018," he said in a statement here.
He said he took the decision on account of having joined the BJP and being elected a BJP MP recently.
Chandrasekhar said he had taken the decision in the best interest of Republic TV's brand and team.
"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," he added.
Chandrasekhar said, in his career as an investor and entrepreneur, he had the privilege of investing and building several successful companies and brands.
"The MediaTech investment in Republic ranks high amongst my many investments," he said.
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