Chennai: The family that runs The Hindu, is slugging it out in court on the question of management. In the course of the legal battle the counsel for Nirmala Lakshmanan, Joint Editor of The Hindu said in a hearing at the Madras High Court that N Ram wanted to exit by selling his shares at a premium for which he was looking for an investor.
N Ram responded to the claims saying that they were just frivolous hearsay and that the references were not about him.
"As for your hearsay that somebody said I am 'planning to exit from the company with a higher premium,' I don't believe there was any personal reference to me. I don't think I have to respond to frivolously baseless hearsay" Ram said. ...more
08:32 AM, Jun 22, 2011