SAT overturned the order, stating that the information scrutinised by Sebi was not price-sensitive, and the Roys were not insiders
From setting aside Shelly Oberoi's decision for a repoll to granting permission to NDTV founders to travel abroad, here are some of the cases heard by the Delhi High Court on Tuesday
The Delhi High Court Tuesday granted permission to NDTV founders Prannoy Roy and his wife Radhika Roy to travel abroad for three weeks for business purpose and personal reasons. Justice Prathiba M Singh said owing to the professional standing of the petitioners, they do not pose a flight risk and are permitted to travel abroad from July 25 to August 15. The high court allowed them to visit the United Kingdom after fulfilling necessary conditions imposed by the court before the registrar. It also asked them to provide details of their itinerary to the registrar of the high court. The Roys filed the application in a pending petition in which they have challenged the look out circular opened against them at the behest of the Central Bureau of Investigation (CBI) pursuant to lodging of two FIRs over alleged corruption. Their counsel submitted they wish to travel abroad for business and personal reasons, including a visit to Prannoy Roy's brother. The plea was opposed by the counsel f
As the Roys have shown, dignity in the newsroom and respect for facts are the best equity in today's news bazaar. It's with this satisfaction that they must walk away, leaving NDTV in new hands
Adani group will have nearly 65% shareholding in the media company; two additional directors appointed by Adani on NDTV board
The appointment of directors, NDTV said, would be taken up at its next board meet on December 23
Conglomerate can now propose reconstitution of board, say proxy advisory firms
In a sense, then, corporates are entering the media business for the same reason that political parties and political families own media houses - to influence public opinion
NDTV had previously said the takeover move "was executed without any input from, conversation with, or consent of the NDTV founders"
Adani Group's open offer for NDTV was to be introduced on October 17 till November 1 but was postponed on not receiving the required approval from the Securities and Exchange Board of India (Sebi)
The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore
NDTV had earlier said Sebi had restrained the Roys from buying, selling or otherwise dealing in securities, directly or indirectly, for a period of two years, ending on November 26 2022
This is for past contractual obligations made by RRPR Holdings
VCPL said the contentions raised by RRPR Holdings in a letter are baseless, legally untenable and devoid of merit.
Regulator in 2020 barred Prannoy and Radhika Roy from selling their shares, says news company
Shares of NDTV were locked at the 5 per cent upper circuit for the second straight day, hitting a 14-year high at Rs 403.70 on the BSE on Thursday and rallied 156 per cent in past three months.
On Tuesday the Adani group announced it had exercised rights to acquire an indirect stake of 29.18 per cent in the company
While some people refer to Adani's acquisition of a stake in NDTV as a hostile takeover, others disagree. Read more to find out what a hostile takeover is
NDTV was India's first private producer of news and current affairs shows. Founded by Radhika Roy and Prannoy Roy, it was incorporated on September 8, 1988, as New Delhi Television Private Limited
The court asked NDTV promoters Prannoy Roy and Radhika Roy to apprise it of the shares they hold in the company