The following is calculated speculation:
If you look at the fact that they were not given permissions to acquire Reliance Broadcast(Promoters in the conference call indicated that the regulators weren’t going to give them the permission) and also the fact that NCLT permissions are being delayed quite a bit. This could be related to the critical coverage of Covid handling. There were raids on DB Group after similar critical reporting. Maybe the people in Delhi are not very happy with the group. Thus it is unfair to blame it on the promoters who have a spotless reputation and are doing a corporate maneuver for the benefit on minority shareholders never been done before.
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