‘Re-in­ves­ti­gate Con­trol Is­sue in Net­work 18 Deal’

The Economic Times - - Companies & Economy -

The Se­cu­ri­ties Ap­pel­late Tri­bunal (SAT) on Wed­nes­day asked Sebi to re-in­ves­ti­gate whether In­de­pen­dent Me­dia Trust, re­lated to Re­liance In­dus­tries, ac­quired con­trol over Net­work 18 from Raghav Bahl even be­fore ink­ing the share pur­chase pact in 2014. The tri­bunal gave the di­rec­tion to Sebi while de­cid­ing on an ap­peal which al­leged that the open of­fer price fixed by the ac­quir­ers of Net­work 18 was much less.

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