India markets regulator dismisses case of inadequate disclosures against NDTV

New Delhi Television

29/05/2026 14:05

MUMBAI, May 29 (Reuters) - India's markets regulator on Friday disposed of proceedings against New Delhi Television Ltd NDTV.NS, ruling that the company did not violate disclosure rules.
Here are the key details:    
In 2009, NDTV's founders entered into a loan agreement that gave the lender options to acquire a significant stake in the broadcaster.
In June 2018, the Securities and Exchange Board of India (SEBI) had held that the agreement resulted in a change in control.
SEBI began disclosure violation proceedings since NDTV did not disclose the SEBI finding to stock exchanges.
The Securities Appellate Tribunal (SAT) set aside SEBI's ruling in 2022, holding that the agreement did not amount to a change in control as the options were not exercised.
In its order on Friday, SEBI noted that since there was no change in control, no disclosure obligation arose, and therefore no violation of listing rules occurred.



 (Reporting by Jayshree  P Upadhyay; Editing by Janane Venkatraman)
 ((Jayshree.Pyasi@thomsonreuters.com; 9920092491; Reuters Messaging: Twitter: @jaysh88))