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NDTV promoters to appeal against Sebi order imposing fine of Rs 27 crore

The regulator in its order said the loan agreements had clauses that have an adversarial effect on NDTV shareholders

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NDTV founders said the Sebi order is based on incorrect assessment of facts

3 min read Last Updated : Dec 25 2020 | 3:35 PM IST

Markets regulator Securities and Exchange Board of India (Sebi) on Thursday imposed a penalty of Rs 27 crore on New Delhi Television's (NDTV) promoters- Prannoy Roy, Radhika Roy and RRPR Holding. The penalty was imposed for violating various securities norms, including Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations. The regulator imposed the penalty against NDTV promoters for by concealing information from shareholders regarding certain loan agreements.

RRPR is a part of NDTV's promoters' group and had a 29.18 per cent stake in the company as of September 2020.

The regulator in its order said the loan agreements had

Topics : SEBI NDTV promoters NDTV Prannoy Roy

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