#Raghav Bahl and his wife Ritu Kapur exit Network18

Network18 founder-promoter Raghav Bahl has quit the media group after agreeing to sell controlling stake to Mukesh Ambani-led Reliance Industries Ltd (RIL) for Rs 4,000 crore.

Raghav Bahl and his wife Ritu Kapur resigned from the company following a spate of resignations through this week including that of Group CEO B Sai Kumar, CFO RDS Bawa and COO Ajay Chacko. In a letter to the employees of Network18, Bahl wrote: Yesterday, Ritu and I effectively ended our entrepreneurial leadership of N18 by agreeing to exit our shareholding.

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