https://www.taxtmi.com/caselaws?id=308987 The Tribunal held that the loan agreement and call option agreements did not result in VCPL acquiring control over NDTV, thus no open offer was required under the SAST Regulations. While the non-disclosure of the loan agreements constituted a violation of the Listing Agreement, it was not deemed fraudulent. NDTV's failure to disclose the loan agreement details violated Clause 36 of the Listing Agreement, leading to a reduced penalty. The Tribunal stressed the significance of protective rights and transparency in agreements, emphasizing the need for disclosure to safeguard investor interests. en-us Wed, 20 Jul 2022 00:00:00 +0530 Fri, 04 Aug 2023 21:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308987 The Tribunal held that the loan agreement and call option agreements did not result in VCPL acquiring control over NDTV, thus no open offer was required under the SAST Regulations. While the non-disclosure of the loan agreements constituted a violation of the Listing Agreement, it was not deemed fraudulent. NDTV's failure to disclose the loan agreement details violated Clause 36 of the Listing Agreement, leading to a reduced penalty. The Tribunal stressed the significance of protective rights and transparency in agreements, emphasizing the need for disclosure to safeguard investor interests. Case-Laws SEBI Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308987