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SAT sets aside Sebi order against NDTV founders Prannoy Roy, Radhika Roy

05 Oct 2023
India
SAT sets aside Sebi order against NDTV founders Prannoy Roy, Radhika Roy
It may be pointed out that on November 27, 2020, the Securities and Exchange Board of India (Sebi) had passed an order asking the Roys to 'disgorge' more than Rs 16.97 crore along with interest charged at the rate of 6 per cent per annum from April 17, 2008, media reports said.As per the order they were also restrained from accessing the securities market and further prohibited them from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of two years.--IANSsan/dpb

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)