SAT upholds Rs 2 crore fine on NDTV for disclosure lapses

08 Aug 2019

The Securities Appellate Tribunal (SAT) has upheld the SEBI'S decision to impose Rs 2 crore penalty on New Delhi Television (NDTV) in a case of disclosure lapses regarding tax demand of Rs 450 crore. The tribunal also upheld Rs 19 lakh penalty imposed by SEBI on the company as well as three officials, including promoters Pranoy Roy and Radhika Roy.

NDTV operates as a television media company in India and internationally. Its channels offer news and current affairs, lifestyle, entertainment, and youth programs, as well as family and realty shows, chat shows, and period dramas.

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