Shares of NDTV were trading 0.14 per cent higher at Rs 35.25 apiece on BSE.
Media firm NDTV's promoters Prannoy Roy and Radhika Roy have received a show cause notice from the capital markets regulator Sebi for alleged violation for insider trading regulations.
"Prannoy Roy and Radhika Roy, the promoters of New Delhi Television Ltd (NDTV)..., have informed the company that on September 10, 2018, they have received a show cause notice dated August 31, 2018... by the Securities and Exchange Board of India (Sebi)," NDTV said in a regulatory filing.NDTV said the notice has been issued alleging violation of provisions of Section 12A (d) and (e) of Sebi Act read with Regulation 3(i) and Regulation 4 of Sebi (Prohibition of lnsider Trading) Regulations, 1992.
It further said, "The promoters of NDTV are in the process of seeking legal advice to take appropriate action in the said matter. Since the company is not a party to the show cause notice, there will not be any financial implications of the show cause notice on the company".
Shares of NDTV were trading 0.14 per cent higher at Rs 35.25 apiece on BSE.
Meanwhile, Sebi on Tuesday called for bigger, cleaner and safer markets and enhancing the overall governance standards in the market for issuers, intermediaries or market infrastructure providers.
It also said that call on the recommendations by fair market conduct committee to further strengthen the rules to deter financial crimes like frauds, market manipulations and insider trading, will be taken soon.
"We are also equally committed to ensure clean and safe markets. We are duty bound to ensure that the market mechanism is not misused or manipulated by the unscrupulous elements," Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi said at the 'Ficci CAPAM 2018' conference.
"The fair market conduct committee constituted by Sebi has since submitted its recommendations, which were also put in public domain seeking comments. A view on these recommendations will be taken soon," he added.
He said that the the manipulators will not be allowed to take advantage of the volatility in the stock market, which has plunged by around 900 points decline in the last two days on a combination of global and domestic factors impacting investor sentiment.
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 "NDTV's Prannoy and Radhika Roy receive show cause notice from Sebi")
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