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Newslaundry
Newslaundry
National
NL Team

NDTV may get more time to hand over 29.18 percent stake to Adani

A day after Adani Enterprises announced the acquisition of 29.18 percent stake in NDTV, the TV news network has made two disclosures saying that the Securities and Exchange Board of India has barred its promoters Prannoy Roy and Radhika Roy from buying, selling or dealing with securities.

In the disclosures, NDTV stated that in a November 2020 order, SEBI restricted Prannoy and Radhika from accessing the security markets for a period of two years. This period will end on November 26, 2022.

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