Adani's takeover of NDTV halted by SEBI ban on Radhika and Prannoy Roy
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Adani Group has received a letter from New Delhi Television Ltd. stating that the group is unable to acquire a 99.5% stake in RRPR Holding Pvt. Ltd. due to Radhika and Prannoy Roy, the company's current owners, being prohibited by India's markets regulator from engaging in any securities transactions. This appears to be an effort to thwart the hostile takeover of New Delhi Television Ltd.