Indian regulator bars NDTV from accessing capital markets - News Summed Up

Indian regulator bars NDTV from accessing capital markets


Regulator Sebi on Friday barred NDTV Ltd’s three key promoters —Prannoy Roy (in picture), Radhika Roy and their holding firm— from the capital markets for two years TwitterThe Securities and Exchange Board of India, also barred its founders, Prannoy and Radhika Roy, from holding any managerial position for the next two yearsIndia's market regulator on Friday barred the founders of news television channel New Delhi Television Ltd (NDTV) from the country's capital markets for the next two years. The Securities and Exchange Board of India, which is looking into allegations of fraud over a multi-million-dollar loan secured by NDTV, also barred its founders, Prannoy and Radhika Roy, from holding any managerial position for the next two years. "The loan agreements were unmistakably structured as a scheme to defraud the investors," the SEBI said in its order. NDTV officials were not available for comment on the latest developments. The CBI had said the investigation had no link to the editorial side of the NDTV, India's oldest English-language news channel.


Source: Dhaka Tribune June 15, 2019 08:15 UTC



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