SEBI slaps Rs 1 cr penalty on Aptech for violating insider trading rules
An investigation was conducted by the regulator to ascertain whether there was any disclosure lapses and violation of PIT (Prohibition of Insider Trading) norms by Aptech during the period from August to September 2016
PTI | April 28, 2021 | Updated 22:22 IST
Aptech had made an announcement on September 7, 2016 saying that it has forayed into the pre-school segment
Sebi on Wednesday slapped a fine of Rs 1 crore on Aptech Ltd for violating insider trading norms back in 2016.
An investigation was conducted by the regulator to ascertain whether there was any disclosure lapses and violation of PIT (Prohibition of Insider Trading) norms by Aptech during the period from August to September 2016.
Markets regulator Sebi on Thursday imposed a total penalty of Rs 27 crore on NDTV promoters, Prannoy Roy and Radhika Roy, as well as on RRPR Holding for violating various securities norms by concealing information from shareholders regarding certain loan agreements. RRPR Holding is a promoter entity of New Delhi Television Ltd (NDTV). According to Sebi, certain loan agreements had clauses that have adversarial effect on the NDTV shareholders. The regulator said its probe began after receipt of complaints, in 2017 from Quantum Securities Pvt Ltd a shareholder of NDTV about an alleged violation of rules by non-disclosure of material information to the shareholders about loan agreements with VCPL.
One loan agreement was with ICICI Bank, and two were with Vishvapradhan Commercial Private Ltd (VCPL).
As per Sebi, an agreement was signed in 2009 with VCPL for a loan of Rs 350 crore to repay the ICICI Bank loan and a second loan agreement with VCPL was signed for Rs 53.85 crore, a year later.
These loan agreements included clauses and conditions that substantially affected the functioning of NDTV, Sebi said in its 52-page order.
Further, one of the terms of loan agreements allowed VCPL to indirectly acquire 30 per cent shareholding of NDTV through conversion of warrants into equity shares of RRPR Holding.
SEBI fines Prannoy Roy, NDTV promoters Rs 27 crore over regulatory violations
The regulator said its probe began after receipt of complaints, in 2017 from Quantum Securities Pvt Ltd a shareholder of NDTV about an alleged violation of rules by non-disclosure of material information to the shareholders about loan agreements with VCPL
PTI | January 11, 2021 | Updated 15:44 IST
NDTV Promoter Prannoy Roy
Markets regulator Sebi on Thursday imposed a total penalty of Rs 27 crore on NDTV promoters, Prannoy Roy and Radhika Roy, as well as on RRPR Holding for violating various securities norms by concealing information from shareholders regarding certain loan agreements.
RRPR Holding is a promoter entity of New Delhi Television Ltd (NDTV).
Sebi imposes Rs 27-cr fine on NDTV promoters Prannoy Roy and Radhika Roy for violating regulatory norms
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Sebi imposes Rs 27-cr fine on NDTV promoters Prannoy Roy and Radhika Roy for violating regulatory normsPTI
Last Updated: Dec 24, 2020, 09:56 PM IST
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RRPR Holding is a promoter entity of New Delhi Television Ltd (NDTV).
According to Sebi, certain loan agreements had clauses that have adversarial effect on the NDTV shareholders.
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Markets regulator Sebi on Thursday imposed a total penalty of Rs 27 crore on NDTV promoters, Prannoy Roy and Radhika Roy, as well as on RRPR Holding for violating various securities norms by concealing information from shareholders regarding certain loan agreements.