Can give our NDTV shares as guarantee: Promoters to SC

NDTV PROMOTERS Prannoy Roy and Radhika Roy on Thursday told the Supreme Court that they are prepared to give their shares in the company as guarantee to comply with the Securities Appellate Tribunal direction to deposit 50 per cent of the amount which the Securities and Exchange Board of India concluded were illegal gains made by them through insider trading.

A bench headed by Chief Justice S A Bobde told Senior Advocate Mukul Rohatgi that the Tribunal may not hear them again unless they give some security.

Rohatgi replied that they don’t have any money but were willing to give an undertaking that shares which they hold in NDTV will not be transferred.