NDTV drops 6% as CBI books promoters for FDI norm violation

NEW DELHI: Shares of NDTVNSE -0.14 % dropped 6 per cent in Thursday’s trade after CBI booked promoters Prannoy Roy and Radhika Roy, among others, for allegedly violating foreign direct investment (FDI) rules in a 2007-09 investment, a charge denied by the company.

“NDTV strongly denies these allegations and is seeking legal advice in this regard,” the company told BSENSE 1.37 %.

The scrip fell 6.33 per cent to hit a low of Rs 34 on BSE.

The CBI alleged that the Roys conspired with public servants to bring back tainted money as FDI through a web of complex transactions. The agency has also registered an FIR against unknown public servants.