Corporate News 27-Oct-17
NDTV update on RRPR Holding (promoters)
RRPR Holding's entire stake in NDTV provisionally attached by IT dept
New Delhi Television announced that RRPR Holding Private Limited (RRPR), one of the Promoters of the Company, has informed the Company on 26 October 2017 that it has received an order dated 25 October 2017 issued by Deputy Commissioner of Income Tax under section 281B of the Income Tax Act, 1961, provisionally attaching the entire shareholding held by RRPR in the Company comprising of 1,88,13,928 equity shares.
RRPR is in the process of seeking legal advice to take appropriate action in the said matter.
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