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Are we allowed to transfer shares to Adani Group firm: NDTV's Roys ask Sebi

NDTV had earlier said Sebi had restrained the Roys from buying, selling or otherwise dealing in securities, directly or indirectly, for a period of two years, ending on November 26 2022

NDTV, in a statement, said Radhika and Prannoy Roy (pictured) believed the Sebi order was based on an incorrect assessment of the situation and a "highly unusual and perverse directive"

NDTV co-founder and promoter Prannoy Roy.

BS Reporter Mumbai
NDTV founders Radhika and Prannoy Roy have informed New Delhi Television - the promoter group vehicle of NDTV -- RRPR Holding Private has written a letter on Sunday to the Securities and Exchange Board of India (Sebi) asking it to determine whether the Sebi order dated November 27, 2020, restricts the conversion of warrants issued to Vishvapradhan Commercial Private (“VCPL”) into equity shares of the promoter group vehicle RRPRH.

On August 23 2022, VCPL, in a notice to RRPRH, had intimated that it was exercising its right to convert warrants issued to it in 2009 into equity shares which would

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First Published: Aug 29 2022 | 11:09 AM IST

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