Photo: Telangana Today
Adani Groups Issue Statement, Says SEBI Order Don't Apply To RRPR Over Shares Acquisition
After the halt of NDTV takeover under SEBI Act, the Adani Group led by Gautam Adani said, "RRPR is not a party to the SEBI Order dated 27th November 2020. Consequently, the restraints as pointed out by RRPR in paragraphs 111(b) and 112 of the SEBI Order do not apply to RRPR." The statement came as a counter to a letter issued by NDTV, stating SEBI prohibited aquisition by RRPR.
Tags: NDTV, SEBI Order, Adani Groups, RRPR, Shares Acquisition
Courtesy: The Free Press Journal
Photo: The Indian Express
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… read-more
Tags: NDTV Take over, Adani Group, RRPR, SEBI Guidelines, Prohibited
Courtesy: The Free Press Journal
