SEBI orders open offer for NDTV

IN Media Watch Briefs | 27/06/2018

NDTV's long-rumoured but undeclared loan from Reliance  is now the subject of a SEBI order  to Vishvapradhan Commercial, the company which fronted for RIL, reports PTI. VC has been ordered to make an open offer for NDTV Ltd for "indirectly acquiring control of up to 52 per cent stake through a convertible loan of Rs 350 crore in 2009 'sourced' from a subsidiary of Reliance Industries Ltd."  VCPL has been found to have violated takeover norms and NDTV has been issued a show cause notice for non-disclosure of the loan pact.                      

Subscribe To The Newsletter

Journalists in Kashmir are up in arms over the summons issued by the National Investigation Agency (NIA) to Kashmir Observer journalist Aqib Javed Hakim, for his interview with jailed separatist leader Asiya Andrabi in January. This amounted to intimidation and harassment, a joint statement of the Kashmir Working Journalist Association (KWJA) and Kashmir Journalist Association said, adding that, in the Kamran Yousuf case, the NIA had tried to define journalism by its own skewed standards.                           

D Sunitha, an ASP in the Telangana Police, filed complaints with the NBSA against character assassination by some Telugu TV channels. NBSA has announced an agreement  arrived at with HMTV whereby the channel will broadcast an agreed upon apology statement three times a day on three days starting today.The complaint was against ETV, Sakshi and HMTV, the NBSA has reserved its order in other two cases. TV9 was as much of an offender, but it is not a member if the NBSA.                   

View More
Announcement