The Securities Appellate Tribunal (SAT) has quashed the insider trading order of the Securities and Exchange Board of India (SEBI) against Prannoy Roy and his wife Radhika Roy, the former promoters of NDTV.
In November 2020, the market regulator had barred the Roys from buying, selling and dealing in securities directly and indirectly for a period of two years. It also directed them to disgorge more than Rs 16.97 crore gained from alleged insider trading in the scrips of NDTV.
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