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.