SEBI closed adjudication proceedings against NDTV without imposing a monetary penalty. The case, linked to a 2009 financing arrangement with VCPL, stemmed from SEBI's 2018 order concluding VCPL indirectly acquired NDTV control. A subsequent SAT ruling overturned the order, citing arrangement as a commercial financing transaction, & SEBI's proceedings against NDTV were disposed of without penalty.

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