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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Don't ask us what MeitY's committee on national investment in critical national infrastructure and digital broadcasting has to do with the regulation of online media content. But reports have it that the controversial  content regulation committee set up under the former Information and Broadcasting Minister Smriti Irani, has now quietly shifted to the Ministry of Electronics and Information Technology (MeitY). This is clearly one hot potato no one wants!                           

 

The Hindu  reports that  writer S Hareesh has withdrawn his novel Meesha which was being serialised in Mathrubhumi Weekly after threats from organisations of the Sangh Parivar. They also vandalised an exhibition organised by Mathrubhumi books in Kochi in protest. They found portions of a dialogue between two characters in the novel objectionable. The Mathrubhumi Weekly editor tweeted that literature was being mob lynched.                                

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