Advertisement


Advertisement

Thread Rating:
  • 5 Vote(s) - 4.6 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Astro awaits FIPB nod to up stake in Sun Direct
Advertisement
#1
MUMBAI: The Foreign Investment Promotion Board (FIPB) has deferred a proposal by Kalanithi Maran-owned Kal Media Services, which would have allowed Malaysia-based Astro Group to increase its holding in Sun Direct from 20 per cent to 35 per cent.

Kal Media Services, a company owned by the Maran family, had applied for permission for Astro to pick up 37.5 per cent stake in Kal Media Services.

Kal Media Services was then to pick up 40 per cent stake in Sun Direct, giving Astro an effective indirect stake of 15 per cent, taking Astro’s effective holding in the DTH company to 35 per cent.

Astro, via its subsidiary South Asia Entertainment Holdings, holds 20 per cent stake in Sun Direct.

Full Story: Sun Direct DTH Blog

Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  DTH Updates: Sky RR (Data) channel added on Sun Direct DTH Service Sathish 0 362 07-23-2020, 09:46 PM
Last Post: Sathish
  DTH Updates: PMT PID changed for News Nation channel on Sun Direct Sathish 1 304 07-23-2020, 11:01 AM
Last Post: Sathish
  IDF Exclusive: Sky OTA (Data) channel added on Sun Direct Sathish 1 335 07-10-2020, 10:38 PM
Last Post: Sathish
  DTH Updates: Sun Direct channels list with LCN as on 09-07-2020 Sathish 0 370 07-09-2020, 01:56 AM
Last Post: Sathish
  DTH Updates: FYI TV18 & FYI TV18 HD channels removed from Sun Direct Sathish 0 336 07-09-2020, 01:54 AM
Last Post: Sathish
  IDF Exclusive: ABP Ganga channel temporarily FTA on Sun Direct Sathish 0 280 07-06-2020, 09:53 PM
Last Post: Sathish
  DTH Updates: Onkar Only Truth channel changed to Data channel on Sun Direct Sathish 0 280 07-03-2020, 09:44 PM
Last Post: Sathish
  DTH Updates: Info Channel removed from Sun Direct Sathish 1 372 06-30-2020, 01:52 PM
Last Post: Sathish
  IDF Exclusive: Frequency wise channels list of Sun Direct as on 30-06-2020 Sathish 0 272 06-30-2020, 06:23 AM
Last Post: Sathish
  IDF Exclusive: Frequency wise Sun Direct Channels & Services List with LCN as on 28-06-2020 Sathish 0 265 06-28-2020, 06:10 AM
Last Post: Sathish

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement