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National

DN Bureau

Adani Group needs SEBI approval to acquire majority stake in the news channel: NDTV

NDTV Adani Group SEBI Gautam Adani Securities and Exchange Board of India AMNL Prannoy Roy Radhika Roy BSE VCPL

Gautam Adani (File Photo)

New Delhi: Days after NDTV claimed that Adani Group firms had not taken its consent before moving to buy 29 per cent stake in the company, the news broadcaster on Thursday said that its promoters Prannoy Roy and Radhika Roy are barred from buying or selling of shares or being associated with securities market.

Therefore, the media company said, Adani Group would need to take approval from market regulator Securities and Exchange Board of India (SEBI) to complete the transaction.

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