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Network 18 Media and Investments has settled a case with Sebi, pertaining to alleged failure to disclose Independent Media Trust (IMT) as a promoter in the draft papers for the rights issue, after paying Rs 1.56 crore towards settlement charges. Network 18 Media and Investments or NW18 had approached Sebi to settle the matter through the settlement order. Consequently, the regulator through a settlement order said, the instant adjudication proceedings initiated against the noticee (NW 18) vide SCN (show-cause notice) dated January 22, 2020, are disposed of . Securities and Exchange Board of India (Sebi) received a complaint in March 2017 against NW18, wherein it was alleged that the company failed to disclose IMT as a promoter in its draft letter of offer and letter of offer filed way back in 2012.

Raghav bahlSebi high powered advisory committeeExchange board of india sebiMedia trustReliance industriesIndependent media trustExchange boardSingle unit agreementPerson actingSubstantial acquisitionRitu kapurDisclosure requirementHigh powered advisory committeeNetwork 18 mediaMarket regulatorsராகவ் பஹ்ல்