SEBI clears NDTV in disclosure case, no penalty imposed
NDTV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SEBI has disposed of adjudication proceedings against NDTV that arose from a Show Cause Notice dated January 22, 2020. The case related to alleged non-compliance with disclosure rules under SEBI Listing Regulations concerning certain 2009 arrangements involving VCPL, RRPR Holding, and the erstwhile promoters. The Adjudicating Officer concluded that NDTV did not violate the rules and no monetary penalty has been imposed. The order has no financial, operational, or other material impact on the company.
Positive for shareholders. SEBI cleared NDTV of all alleged disclosure violations, no penalty imposed, and a long-pending regulatory overhang is now removed.