Explained NDTV statement on SEBI order Radhika and Prannoy Roy, the founders of NDTV, believe the SEBI order asking them to step down as directors and to not hold any management positions in NDTV is outrageous, bad in law and against all procedures. They will challenge the SEBI order in the courts as advised within the next few days. One such loan agreement was with ICICI Bank while two loans were from a little-known entity Vishvapradhan Commercial Private Ltd (VCPL). However, one of the terms of the new loan effectively gave VCPL control over the entire shareholding of RRPR Holdings. Advertising“Any fraudulent act directly designed to defraud such investors cannot be treated as good for the securities market and for the interest of investors.

Source: Indian Express June 14, 2019 14:48 UTC