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NDTV tanks nearly 4% as CBI raids its founder Prannoy Roy

NDTV said that the raids were a witch-hunt and that the company intends to fight the allegations

Prannoy Roy
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Puneet Wadhwa New Delhi
Shares of NDTV plunged nearly 3.8%, or Rs 2.45, to Rs 58.85 levels on the Bombay Stock Exchange (BSE) in late noon deals on Monday, on reports that the Central Bureau of Investigation (CBI) has registered a case against NDTV founder Prannoy Roy, his wife Radhika Roy and others for causing an alleged loss to ICICI Bank to the tune of Rs 48 crore.


"This morning, the CBI stepped up the concerted harassment of NDTV and its promoters