SEBI orders open offer for NDTV

IN Media Watch Briefs | 27/06/2018

NDTV's long-rumoured but undeclared loan from Reliance is now the subject of a SEBI order to Vishvapradhan Commercial, the company which fronted for RIL, reports PTI. VC has been ordered to make an open offer for NDTV Ltd for "indirectly acquiring control of up to 52 per cent stake through a convertible loan of Rs 350 crore in 2009 'sourced' from a subsidiary of Reliance Industries Ltd." VCPL has been found to have violated takeover norms and NDTV has been issued a show cause notice for non-disclosure of the loan pact.

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Vishvapradhan Commercial Private Ltd

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Amazon resisting voluntary censorship

The new term for self censorship is voluntary censorship, as proposed by companies like Netflix and Hotstar. ET reports that streaming video service Amazon Prime is opposing a move by its peers to adopt a voluntary censorship code in anticipation of the Indian government coming up with its own rules. Amazon is resisting because it fears that it may alienate paying subscribers.

Let the games begin

Clearly, the run to the 2019 elections is on. A journalist received a call from someone saying they were from Aajtak channel and were conducting a survey, asking whom she was going to vote for in 2019. On being told that her vote was secret, the caller assumed she wasn't going to vote for 'Modiji'. The caller, a woman, also didn't identify herself. A month or two earlier the same journalist received a call, this time from a man, asking if she was going to vote for the BSP.