Arre co-founders increase stake in entity

By A Correspondent

As a precursor to the launch of Arré, the founders have realigned their shareholding. B Saikumar, Managing Director and Co-Founder has taken controlling interest in Arré, with Ajay Chacko continuing as CEO and Co-Founder. Sanjay Ray Chaudhuri (RayC), who was Co-Founder of TV18 has come in as Co-Founder in Arré.

Speaking on the development, Ronnie Screwvala said, “Arré is now all set to launch and all of us are tremendously excited about its potential and trajectory. I am pleased that Sai and team are taking a controlling shareholding in Arré and I will continue as an investor with a significant minority shareholding supporting the company and mentoring the leadership team.”

B. Saikumar added, “I am thrilled to welcome Ray C aboard as Co-Founder and we are delighted and honoured to have Ronnie continue to guide us. The trailer to our first show “I Don’t Watch TV” is now out and we look forward to the launch of Arré in the next few weeks.”