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Sebi show-cause notice to Prannoy, Radhika Roy for alleged violation: NDTV

NDTV said the promoters of NDTV are in the process of seeking legal advice to take appropriate action in the said matter

Press Trust of India  |  New Delhi 

Prannoy Roy

Media firm NDTV's promoters Roy and have received a show cause notice from the capital markets regulator Sebi for alleged violation for insider trading regulations.

"Roy and Radhika Roy, the promoters of (NDTV)..., have informed the company that on September 10, 2018, they have received a show cause notice dated August 31, 2018... by the (Sebi)," said in a regulatory filing.

said the notice has been issued alleging violation of provisions of Section 12A (d) and (e) of Sebi Act read with Regulation 3(i) and Regulation 4 of Sebi (Prohibition of lnsider Trading) Regulations, 1992.

It further said, "The promoters of are in the process of seeking legal advice to take appropriate action in the said matter. Since the company is not a party to the show cause notice, there will not be any financial implications of the show cause notice on the company".

Shares of NDTV were trading 0.14 per cent higher at Rs 35.25 apiece on BSE.

First Published: Tue, September 11 2018. 15:15 IST
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