No encumbrance of shareholding after share attachment: RRPR

Image
Press Trust of India New Delhi
Last Updated : Nov 06 2017 | 7:07 PM IST
RRPR, the biggest promoter shareholder in NDTV Ltd, today said it believes that there is no encumbrance of shareholding in the company following provisional attachment of the entire 29.12 per cent interest.
RRPR is the largest promoter group company in New Delhi Television Ltd, the company that operates news channels NDTV 24x7, NDTV India and NDTV Profit.
The I-T department last month attached the entire 29.12 per cent holding of RRPR over a tax dispute.
"The company while exploring legal options available to it, believes that the action of the deputy commissioner of income tax was against principle of natural justice and there is no encumbrance of its shareholding in NDTV in any manner," RRPR said in a stock exchange filing.
It, however, did not give details of the dispute over which the I-T department has attached the shares.
RRPR said it was making disclosures as an abundant precaution.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 06 2017 | 7:07 PM IST

Next Story