SAT upholds Rs 2 crore fine on NDTV for disclosure lapses

New Delhi: The Securities Appellate Tribunal on Wednesday upheld the Sebi’s decision to impose Rs 2 crore penalty on media group NDTV in a case of disclosure lapses regarding tax demand of Rs 450 crore.

The tribunal also upheld Rs 19 lakh penalty imposed by Sebi on the company as well as three officials, including promoters Pranoy Roy and Radhika Roy.