Media group NDTV along with its executives today moved the Securities Appellate Tribunal (SAT) against a Sebi order that had penalised them for certain delayed disclosures, according to a regulatory filing.
In March, Sebi (Securities and Exchange Board of India) had imposed a fine of Rs 10 lakh on the company and Rs 3 lakh each on certain executives for certain delayed disclosures under the listing agreement and the insider trading regulations.
In a filing to stock exchanges today, NDTV said that based on legal advice, "the company along with its executives (including ex-executives) today filed an appeal before the SAT, Mumbai" against the Sebi order.
Shares of the company closed marginally higher at Rs 40.90 on the BSE.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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