NDTV to appeal against Sebi order imposing fines on firm, promoters

Markets regulator Sebi on Thursday imposed a total penalty of Rs 27 crore on NDTV promoters, Prannoy Roy and Radhika Roy, as well as on RRPR Holding for violating various securities norms by concealing information from shareholders regarding certain loan agreements.

RRPR Holding is a promoter entity of New Delhi Television Ltd (NDTV).

According to Sebi, certain loan agreements had clauses that have adversarial effect on the NDTV shareholders.

The regulator said its probe began after receipt of complaints, in 2017 from Quantum Securities Pvt Ltd– a shareholder of NDTV– about an alleged violation of rules by non-disclosure of material information to the shareholders about loan agreements with VCPL.