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| Exchange Received Time 19/10/2018 17:25:26 Exchange Disseminated Time 19/10/2018 17:25:29 Time Taken 00:00:03 | We wish to inform you that the Directorate of Enforcement, based on a complaint alleging certain contraventions under the Foreign Exchange Management Act, 1999 relating to receipt of Foreign Direct Investment of Rs. 1,637 crore and Overseas Investments of Rs. 2,732 crore, has issued a Show Cause Notice dated October 17, 2018 ('SCN') inter-alia to the Company, two Executive Co-Chairpersons of the Company, NDTV Networks Limited (a subsidiary of the Company) and NDTV Studios Limited (an erstwhile subsidiary of the Company which, as of date, stands merged with the Company).
The Company is currently examining the aforesaid SCN and the legal options available to it. The Company will seek appropriate legal advice and will take necessary action(s) accordingly.
You are requested to take the information on record.
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