NDTV 29.18% Stake Takeover By Adani's Halted Due To This Reason
The reported takeover of NDTV Media House by Adani's has been halted under the SEBI Act. On August 25, New Delhi Television Ltd., issued a letter to the Adani Group, saying, the takeover is not possible as Radhika and Prannoy Roy, owners of RRPR Holding Pvt. Ltd., are prohibited from engaging in any securities transactions, by India's markets regulator, SEBI. Notably, AMG Media, subsidiary of Adani announced 29.18% NDTV-stake takeover.