Top Story

e4m_logo.png

Home >> International >> Article

20 per cent equity cap is sectoral for DTH and not company-specific: Govt.

03-December-2000
Font Size   16
Share
20 per cent equity cap is sectoral for DTH and not company-specific: Govt.

The Government has categorically stated that the 20 per cent equity cap on broadcasting companies in direct-to-home (DTH) ventures is sectoral cap and not company-specific.

This means that even if a number of broadcasting companies join hands together to form a DTH venture, they can together hold only 20 per cent, with foreign investment and non-broadcasting firms holding the balance. As per the DTH policy, the total foreign equity in the venture would be 49 per cent and within this, the limit on the foreign direct investments is stipulated at 20 per cent.

The remaining foreign holding of 20 per cent can be held by non-resident Indians (NRIs), overseas corporate bodies (OCBs) and foreign institutional investors (FIIs).

The Union Information and Broadcasting Minister, Ms Sushma Swaraj made the clarification regarding the equity of broadcasters in DTH in the wake of confusion in some quarters as to whether companies can individually hold 20 per cent equity.

Tags

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Chandy indulges in his love for reading and learning something new over the weekends

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Industry analysts expect the infusion of foreign capital to drive not only the retail market but also the advertising industry as a result.

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Inform...