SEBI fines NDTV

IN Media Watch Briefs | 05/06/2015

The market regulator SEBI has imposed a fine of Rs 2 crore on NDTV for delayed disclosure of a Rs 450 crore tax demand. SEBI passed the order against NDTV on May 4. The Hindu quoted NDTV as saying that it had not thought the disclosure warranted since “it does not materially impact its present or future operations, or profit of financials.” See Hoot series on allegations of NDTV’s tax evasion here).

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