Television

NDTV's Prannoy & Radhika Roy get SEBI notice for insider trading

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MUMBAI: Market regulator Securities and Exchange Board of India (SEBI) has issued a show cause notice to Dr Prannoy Roy and his wife Radhika, both promoters of New Delhi Television Ltd (NDTV) for alleged insider trading.

"Prannoy Roy and Radhika Roy, have informed that on 10 September 2018, they have received a show cause notice dated 31 August 2018, by the Securities and Exchange Board of India," NDTV said in a regulatory filing.

NDTV said the notice has been issued alleging violation of provisions of Section 12A (d) and (e) of the SEBI Act read with Regulation 3(i) and Regulation 4 of SEBI(Prohibition of lnsider Trading) Regulations, 1992.

It further stated, "The promoters of NDTV are in the process of seeking legal advice to take appropriate action in the said matter. Since the company is not a party to the show cause notice, there will not be any financial implications of the show cause notice on the company".

NDTV closed Tuesday 3 per cent down at Rs 34.30 on the BSE, while the 30-share Sensex ended the day 1.34 per cent down at 37,413.

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