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FOUND: 2 | Mind Blowing Facts

RRPR bound to allot equity, its contentions legally untenable: Adani Group

Responding to disclosures by NDTV promoter RRPR Holding Private Limited, the Adani Group has said that the promoter’s contentions are “baseless” and “legally untenable”, and it is bound to “allot equity shares as specified in the warrant exercise notice”.

Newslaundry

NDTV may get more time to hand over 29.18 percent stake to Adani

A day after Adani Enterprises announced the acquisition of 29.18 percent stake in NDTV, the TV news network has made two disclosures saying that the Securities and Exchange Board of India has barred its promoters Prannoy Roy and Radhika Roy from buying, selling or dealing with securities.

Newslaundry

Adani Group needs SEBI approval to acquire majority stake in the news channel: NDTV

The media company said, Adani Group would need to take approval from market regulator Securities and Exchange Board of India (SEBI) to complete the transaction. Read more on Dynamite News:

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Adani stake in NDTV | Promoters cite SEBI ban on dealing in shares

Roys signal inability to meet two-day deadline set by Adani group for transfer of shares

The Hindu

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

Newslaundry

Tribunal overturns securities market ban on NDTV founders

The Securities Appellate Tribunal has overturned a verdict against NDTV founders Radhika and Prannoy Roy which barred them from accessing the securities market.

Newslaundry

NDTV’s founders prevented from leaving country, LOC issued in June

On August 9, NDTV founders Prannoy Roy and Radhika Roy were prevented from leaving the country. The basis of this was a lookout circular (LOC) issued in relation to a two-year-old case filed by the Central Bureau of Investigation (CBI). The couple was supposed to board a Kenya Airways flight…

Newslaundry

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Prannoy Roy and Dorab Sopariwala’s new book chronicles change and continuity in India’s electoral scene

There is an inescapable lure of nostalgia when reflecting on elections with someone who, over the last 40 years, has almost become a national habit as India tracked, dissected and predicted poll results. In doing all this, Prannoy Roy has worn his scholarship lightly in TV studios. No mean feat…

Newslaundry

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