Order in the matter of New Delhi Television Limited - Mr. Prannoy Roy and Mrs. Radhika Roy

Last updated: 02 December 2020

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Quick Summary

The Securities and Exchange Board of India (SEBI) investigated allegations of insider trading in New Delhi Television Limited (NDTV) shares between September 2006 and June 2008. While investigating Mr. Sanjay Dutt and associated entities, SEBI also found that Mr. Prannoy Roy and Mrs. Radhika Roy, who were key figures at NDTV, engaged in insider trading during this period. The ruling details their involvement based on the company's financial reports and stock exchange disclosures of price-sensitive information.

Court :
SEBI

Brief :
Securities and Exchange Board of India (hereinafter referred to as “SEBI”) had received certain complaints from New Delhi Television Limited (hereinafter referred to as “NDTV”) on July 16, 2013 (1st complaint), December 27, 2013 (2nd complaint) and January 9, 2014 (3rd complaint) inter alia alleging that Mr. Sanjay Dutt and certain other entities, viz. Quantum Securities Private Limited (hereinafter referred to as “QSPL”) and SAL Real Estates Private Limited (hereinafter referred to as “SREPL”) were involved in dealing in securities of NDTV in violation of provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as “the PIT Regulations, 1992”) during the period September 2006 to June 2008.

Citation :
WTM/SM/IVD/ID2/9711/2020-21

Daily Limit Reached