NDTV promoters to appeal against SEBI order imposing Rs 27 cr fine

Prannoy and Radhika Roy, the founders and promoters of New Delhi Television Ltd (NDTV), along with another promoter entity RRPR Holding, will appeal against the Securities and Exchange Board of India (SEBI) order imposing a total fine of Rs 27 crore for concealing information from shareholders on certain loan agreements.

Apart from the Rs 25 crore penalty on NDTV promoters, the capital market has also imposed a fine of Rs 1 crore each on Prannoy and Radhika.

The SEBI order, dated December 24, said that if the noticees fail to pay the penalty within 45 days, recovery proceedings may be initiated.