MUMBAI: NDTV today confirmed that managing editor Rajdeep Sardesai and CFO Sameer Manchanda have put in their papers.

Both Sardesai and Manchanda, who had been given counter offers from NDTV that were politely turned down, will be taking up their new assignments from early next week.

While a senior NDTV executive confirmed that "Rajdeep and Sameer have decided to try out newer opportunities in which we wish them well," Sardesai told Indiantelevision.com today evening, "I have put in my papers today and my last day is Monday. There's no turning back for the moment."

Sardesai added that he's still very emotional about NDTV where he has worked over 10 years now.

It has also been confirmed that in a new start-up, where Sardesai will be the editor-in-chief, apart from holding part equity, the Raghav Bahl-promoted Television Eighteen Ltd will be the main strategic investor.

This start-up, as reported by Indiantelevision.com yesterday, will manage new TV news and infotainment channels to be put on air.

The markets seem to have reacted positively to this development for one of the companies concerned. TV18 scrip opened on the Bombay Stock Exchange at Rs. 230 to finish the day at Rs. 245.65. NDTV shares opened at Rs. 184.95 and closed at Rs. 164.60.