
The Securities and Exchange Board of India has filed civil appeals before the Supreme Court against NDTV, its founder-promoters Prannoy Roy and Radhika Roy, and promoter-group vehicle RRPR.
The appeal is reportedly against an order issued on July 20 by the Securities Appellate Tribunal, which found that there was “no indirect transfer of control of NDTV by the founder-promoters via loan agreements entered into in 2009-2010.”