The Securities and Exchange Board of India (SEBI) has barred Prannoy Roy and his wife Radhika Roy from holding any directorship in New Delhi Television Ltd. (NDTV) for a period of two years. Mr. Roy and his wife have also been restrained from being directors in any listed entity for an year. As per information available on the BSE, Mr. Roy is currently the executive director — chairperson of the listed media entity while Ms. Roy is an executive director. While the binding clauses of the agreement were not disclosed to the stock exchanges, Mr. Roy and Ms. Roy transferred their shares to the holding entity in off-market transactions. While Mr. Roy holds a stake of 15.94% in the company, Ms. Roy’s stake is pegged at 16.32%.

Source: The Hindu June 14, 2019 16:41 UTC