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Ronnie Screwvala reduces his stake in Arré
Co-founder B Saikumar takes controlling stake though Screwvala's investment in the digital venture continues.
As a precursor to the launch of the digital media start-up Arré, the founders have re-aligned their shareholding. B Saikumar, managing director and co-founder, has taken controlling interest in Arré, while Ajay Chacko will continue as chief executive officer and co-founder. Sanjay Ray Chaudhuri, former director and co-founder at TV18, has now come in as co-founder in Arré.
Saikumar adds, "I am thrilled to welcome Ray C (Ray Chaudhuri) aboard as co-founder, and we are honoured to have Screwvala continue to guide us."
Arre which is set to launch in the next few weeks, has recently released the trailer of its first show, 'I Don't Watch TV', on YouTube. In December, Arre had acquired Apalya Technologies which enabled it to get access to Apalya's online video streaming products including myplex and Mobile TV.