Prannoy, Radhika Roy barred from key positions at NDTV

Prannoy and Radhika Roy, founders and Directors of NDTV, can no longer hold any key managerial position in the television media company.

SEBI on Friday also barred the Roys and RRPR Holdings, the company through which they own a stake in NDTV, from accessing, or even associating with, the capital markets for two years. The duo cannot exit any of their equity or mutual fund holdings during the period, as these assets will remain frozen. SEBI passed these strictures against the Roys for their alleged failure to disclose material information to the markets.