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Newslaundry
Newslaundry
National
NL Team

SAT quashes SEBI’s insider trading order against Prannoy and Radhika Roy

Prannoy Radhika Roy SAT SEBI NDTV The Securities Appellate Tribunal

The Securities Appellate Tribunal yesterday quashed a 2020 order that held former NDTV promoters Prannoy and Radhika Roy guilty of insider trading. 

The order, issued by the Securities and Exchange Board of India in November 2020, had barred the Roys from the securities market for two years and told them to pay over Rs 16.97 crore made through insider trading between 2006 and 2008.

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