SEBI order restrained Prannoy & Radhika Roy from accessing the securities market for 2 yrs: NDTV

by IANS |

Mumbai, Aug 25 (IANS) The Securities and Exchange Board of India (SEBI) in November 2020 had banned its promoters from accessing the securities market, and further prohibiting buying, selling, or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner whatsoever for a period of two years, NDTV said in a regulatory filing.

NDTV said that unless pending appeal proceedings were to successfully conclude, prior SEBI approval is needed for the Adani group to secure 99.5 per cent in the promoter group entity since this would consequently lead to acquisition of voting rights in respect of 29.18 per cent held by the RRPR Holdings in the news network.

Vishvapradhan Commercial Private Ltd (VCPL), the proposed acquirer, along with AMG Media Networks and Adani Enterprises on Tuesday has made an open offer for NDTV under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, will be provided to VCPL.

Latest News
PM Modi to release Rs 20,000 crore to farmers during Varanasi visit on June 18 Sat, Jun 15, 2024, 03:53 PM
Millwall goalkeeper Matija Sarkic dies aged 26 Sat, Jun 15, 2024, 03:51 PM
Researchers link hot weather with increased headaches for people with migraines Sat, Jun 15, 2024, 03:32 PM
Kangana shares video of PM Modi with Giorgia Meloni; hails his support for women Sat, Jun 15, 2024, 03:29 PM
Water conservation campaign will become a movement in state: MP CM Sat, Jun 15, 2024, 03:28 PM
Congress govt got tight slap from Karnataka court on Yediyurappa matter: Union Min Pralhad Joshi Sat, Jun 15, 2024, 03:26 PM
Wayanad or Raebareli? Rahul Gandhi likely to decide on Monday Sat, Jun 15, 2024, 03:23 PM
Indian stock markets breaking global benchmarks in equity market cap Sat, Jun 15, 2024, 02:56 PM
PM Modi hails India-Italy friendship after Meloni shares 'Melodi' selfie video Sat, Jun 15, 2024, 02:53 PM
Kuwait fire: 14 Keralites under treatment out of danger Sat, Jun 15, 2024, 02:28 PM
Scholz calls Swiss-hosted Ukraine talks an early step to forge peace Sat, Jun 15, 2024, 02:27 PM
US aid pier off Gaza to be temporarily removed due to bad weather Sat, Jun 15, 2024, 02:13 PM
Philippines says 21 of 22 Filipino crew on attacked ship in Red Sea rescued, safe Sat, Jun 15, 2024, 02:11 PM
Swati Maliwal case: Judicial custody of CM Kejriwal's aide Bibhav Kumar extended Sat, Jun 15, 2024, 02:04 PM
Will work towards fulfilling PM Modi's semiconductor initiatives: Minister Kumaraswamy Sat, Jun 15, 2024, 01:49 PM