Raghav Bahl bids adieu to Network18

Hours after Adgully reported the speculated exit of Network18's MD Raghav Bahl, news has just arrived that Bhal has finally announced his resignation via an official mail circulated internally. Sources close to Adgully have confirmed the news.

Dear Team Network18,
Yesterday, Ritu and I effectively ended our entrepreneurial leadership of N18 by agreeing to exit our shareholding (although I would be around to ensure a smooth transition).

We are also delighted to welcome Mr Mukesh Ambani and RIL as the potential owners of Network18. Believe us, the Group is in terrific hands. Mr Ambani is a visionary and truly good human being. And we have no doubt that Network18 would soar into the "cloud" under this dispensation. All of you have very good cause to be excited and optimistic about the future.

There are thousands of team-mates, both past and present, whose collective tejasvi karma has buoyed N18 to where it is today. Our heartfelt gratitude towards all of them! (We would like to make a special mention of our very own Vandana, who was the first manager-cum-driver-cum-lights"man" of TV18 in the early 90s).

Wish us well as we embark on our next quest - we are, as usual, utterly positive about the future. God bless you, and God bless Network18.
Cheers,
Ritu & Raghav

As mentioned in our earlier report, Bahl's may not have immediate investment or entrepreneurial plans in the media, but may mentor a media house or so.

Watch this space for more...