Rajya Sabha member Rajeev Chandrasekhar on Monday resigned as board director of ARG Outlier Asianet News Private Limited, which runs news channel Republic TV, as he had recently joined the BJP.

“I have resigned as a Board Director from ARG Outlier Asianet News Private Limited with effect from 31st March 2018,” he said in a statement.

“I have taken this decision because of my recent joining of BJP and being elected as a BJP MP,” he added.

Chandrasekhar said he had taken the decision in the best interest of Republic TV’s brand and team.

“Since I am now a member of the BJP, I believe it is in the best interest of Republic TV’s brand and team that I no longer serve on the board,” he added.

He, however, still remains an investor in the company.

Chandrasekhar said, in his career as an investor and entrepreneur, he had the privilege of investing and building several successful companies and brands.

“The MediaTech investment in Republic ranks high amongst my many investments,” he said.

As per media reports, the BJP leader owns shares in Malayalam television network Asianet News, newspaper Kannada Prabha, TV channel Suvarna News and Radio Indigo.

Recently, Chandrasekhar while addressing HRD Minister Prakash Javadekar  on Twitter had said that the government should not “subject students and parents to re-exams”.

“Let results stand,” the Rajya Sabha MP said. “Instead investigate [and] identify those few that benefited from leaked papers [and] cancel their results only! That’s the only correct thing to do now!”

(With agency inputs)