The SAT has concluded that the information said to have been possessed by the Roys when the traded in the NDTV shares was not price sensitive, contrary to the SEBI findings on this aspect.
SAT asks NDTV s Prannoy and Radhika Roy to deposit 50% of disgorged amount
The Securities Appellate Tribunal (SAT) said if NDTV deposits the amount, the balance amount will not be recovered during the pendency of the appeal before it
PTI | January 11, 2021 | Updated 16:03 IST
NDTV promoter Prannoy Roy
The Securities Appellate Tribunal (SAT) has directed NDTV s promoters Prannoy Roy and Radhika Roy to deposit 50 per cent of the disgorged amount before markets regulator Sebi within four weeks. It further said if NDTV deposits the amount, the balance amount will not be recovered during the pendency of the appeal before SAT.
In two separate orders passed on January 4, the tribunal noted that the appeals filed by the Roy couple needed consideration and directed the appeals to be listed before the tribunal for final disposal on February 10, 2021.