Network 18 Media and Investments settles case with Sebi

Network 18 Media and Investments has settled a case with Sebi, pertaining to alleged failure to disclose Independent Media Trust (IMT) as a promoter in the draft papers for the rights issue, after paying Rs 1.56 crore towards settlement charges.

Network 18 Media and Investments or NW18 had approached Sebi to settle the matter through the settlement order.

Network18 Media and Investments is one of the largest media conglomerates with diversified but synergistic interests in Television with its bouquet of fifty channels in India and thirteen international channels, besides filmed entertainment, digital content, magazines, digital commerce and allied businesses.