• Home
  • Business
  • Personal Finance
  • Banking
    • Digital Payment
Sunday, January 17, 2021
No Result
View All Result
NEWSLETTER
KM Capital
  • Home
  • Business
  • Personal Finance
  • Banking
    • Digital Payment
  • Home
  • Business
  • Personal Finance
  • Banking
    • Digital Payment
No Result
View All Result
KM Capital
No Result
View All Result
Home Uncategorized

Sebi fines NDTV Rs 5 crore for loan agreement

by Ayushi Sahu
December 29, 2020
in Uncategorized
0
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

The Indian Securities and Exchange Board (Sebi) has levied a penalty of Rs 5 crore on New Delhi Television Limited (NDTV NSE 2.04%) for not disclosing to public shareholders information on loan agreements with the company Vishvapradhan Commercial Private Ltd (VPCL).

On August 26, 2017, Quantum Securities received a complaint from the capital markets regulator regarding the loan agreement signed between NDTV promoters Prannoy Roy, Radhika Roy, and RRPR Holding—and VCPL.


Sebi subsequently conducted an investigation which revealed that certain clauses related to NDTV were embedded in the loan agreements entered into between RRPR Holdings and VCPL. The deal seemed, prima facie, to be content and price-sensitive, the regulator said.
Sebi claimed that the loan agreements allegedly contained various clauses that were binding on NDTV, in such a way that the interest of its public shareholders could be adversely affected.

VCPL gave RRPR a loan of Rs 350 crore in 2009. This loan was taken from RRPR in October 2008 to repay its previous loan taken from ICICI Bank NSE by 1.67 percent. The regulator said that there was no interest rate on the loan in the VCPL loan arrangement, while the ICICI Bank loan held an interest rate of 19 percent.

One of the provisions of the agreement gave VCPL the right, at any point in time, to covert warrants on RRPR shares. This clause allowed VCPL to acquire NDTV’s 30 percent shareholding indirectly.

Ayushi Sahu

Ayushi Sahu

Next Post
https://en.wikipedia.org/wiki/Kangana_Ranaut

Kangana Ranaut reacts to charges of merging Mumbai flats; says BMC is harassing her

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FDI rises by 15% between April-September

FDI rises by 15% between April-September

2 months ago
FamCard: 1st Numberless Card launched for Teenagers!

FamCard: 1st Numberless Card launched for Teenagers!

6 months ago

Popular News

    Connect with us

    Newsletter

    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
    SUBSCRIBE

    Category

    • Banking
    • bollywood
    • Business
    • Digital Payment
    • Economy
    • Entertainment
    • Personal Finance
    • Uncategorized
    • Web shows

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    • About
    • Advertise
    • Careers
    • Contact

    © 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

    No Result
    View All Result
    • Home
    • Business
    • Personal Finance
    • Banking
      • Digital Payment

    © 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Login to your account below

    Forgotten Password?

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In