NDTV insider trading case: SAT quashes SEBI ruling against former NDTV promoters Prannoy Roy and Radhika Roy

The SAT has concluded that the information said to have been possessed by the Roys when they traded in the NDTV shares was not price sensitive, contrary to the SEBI's findings on this aspect.
Radhika Roy, Prannoy Roy
Radhika Roy, Prannoy RoyTwitter

The Securities Appellate Tribunal (SAT) has set aside a 2020 order passed by the Securities and Exchange Board of India (SEBI) which had held the former promoters of NDTV, Dr. Prannoy Roy and Radhika Roy guilty of insider trading with respect to shares traded by them in December 2007.

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