NDTV promoters get clean chit from SEBI in disclosure case

MUMBAI: NDTV promoters Prannoy Roy, Radhika Roy and firm RRPR Holdings can breath a sigh of relief as the Securities and Exchange Board of India (SEBI) has cleared them of charges related to delayed disclosure of company details at the end of the financial year 2011-12. Proceedings against the company have been disposed.

At the end of every financial year, promoters need to disclose shareholding and voting rights details within 7 working days after 31 March. NDTV was alleged to have delayed this by 64 days to the BSE and one day to the NSE for the FY 2011-12.

SEBI stated that after investigation, it found them to have made the requisite disclosures to both the trading bodies within the stipulated time. While the BSE admitted that it had reported an incorrect receipt date while the NSE clarified that it got the details in time.

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