 "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\"")
The Securities and Exchange Board of India (Sebi) on Friday debarred New Delhi Television (NDTV) promoters Prannoy Roy and Radhika Roy and their holding firm RRPR Holdings from trading in the securities markets for two years, and the Roys from holding any key managerial position in NDTV for the same period.
Sebi also banned them from taking any a position in any listed entity.
In its 51-page order, the markets regulator said all the three key promoters did insider trading by concealing price-sensitive information about three loan agreements, did not make the necessary disclosures to the stock exchanges, and kept the minority
