September 11, 2018

Shares of NDTV were trading 0.14 per cent higher at ₹35.25 apiece on BSE.

Media firm NDTV's promoters Prannoy Roy & Radhika Roy have received a show cause notice from the capital markets regulator Sebi for alleged violation for insider trading regulations.

"Prannoy Roy & Radhika Roy, the promoters of New Delhi Television Ltd (NDTV)..., have informed the company that on September 10, 2018, they've received a show cause notice dated August 31, 2018... by the Securities and Exchange Board of India (Sebi)," NDTV said in a regulatory filing.

NDTV said that the notice has been issued alleging violation of provisions of Section 12A (d) and (e) of Sebi Act read with Regulation 3(i) and Regulation 4 of Sebi (Prohibition of insider Trading) Regulations, 1992.

It further said, "The promoters of NDTV are in the process of seeking legal advice to take appropriate action in the said matter.

Since the company isn't a party to the show cause notice, there'll not be any financial implications of the show cause notice on the company".

Shares of NDTV were trading 0.14% higher at ₹35.25 apiece on BSE.

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