Media group NDTV along with its executives today moved the Securities Appellate Tribunal (SAT) against a Sebi order that had penalised them for certain delayed disclosures, according to a regulatory filing.
In March, Sebi (Securities and Exchange Board of India) had imposed a fine of Rs 10 lakh on the company and Rs 3 lakh each on certain executives for certain delayed disclosures under the listing agreement and the insider trading regulations.
In a filing to stock exchanges today, NDTV said that based on legal advice, "the company along with its executives (including ex-executives) today filed an appeal before the SAT, Mumbai" against the Sebi order.
Shares of the company closed marginally higher at Rs 40.90 on the BSE.
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