New Delhi, Oct 5 (SocialNews.XYZ) The Securities and Appellate Tribunal (SAT) on Thursday quashed the insider trading order against former NDTV promoters Prannoy Roy and Radhika Roy, as per media reports.
It may be pointed out that on November 27, 2020, the Securities and Exchange Board of India (Sebi) had passed an order asking the Roys to 'disgorge' more than Rs 16.97 crore along with interest charged at the rate of 6 per cent per annum from April 17, 2008, media reports said.
As per the order they were also restrained from accessing the securities market and further prohibited them from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of two years.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz