 "NDTV logo")
RRPR Holding, the promoter entity of the New Delhi Television (NDTV), does not need the income tax department's approval for converting warrants into equity shares to Visvapradhan Commercial (VCPL), an indirect subsidiary of Adani Enterprises, the latter said late on Friday.
In a disclosure to the stock exchanges, VCPL said it had approached the IT department for clarity on the matter and received a reply from the Additional Commissioner of Income Tax, dated September 7, that there were no restrictions on RRPR to carry out the exercise of warrants into equity.
"The prohibition under orders u/s 281B during the period
