Advertisement


Advertisement

Thread Rating:
  • 7 Vote(s) - 2.86 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Star India looks to up stake in Tata Sky
Advertisement
#1
NEW DELHI: Star India is making an attempt to raise its effective holding in direct-to-home broadcaster (DTH) Tata Sky by taking advantage of foreign investment rule changes made about a year ago. The Rupert Murdoch-controlled company has asked the Foreign Investment Promotion Board (FIPB) for permission to buy a 49% stake in TS Investments, an investment firm of the Tata Group, which, in turn, will buy a 20% stake in Tata Sky for Rs 324 crore.

Current rules cap direct foreign investment in an Indian DTH operator at 20%. Foreign funds are allowed to buy up to an additional 29%. But Star is hoping to benefit from guidelines announced in February 2009, which said that investment through companies owned and controlled by Indians would not count in the calculation of foreign investment.

Full Story

Reply
Thanks given by:
Advertisement
#2
So we can expect some more good news From tata(sky as Star would give even more power to them:jump:
Reply
Thanks given by:
#3
Stars investment will also back cash flows for Tata's operating and administrative expenses hence other activities can be concentrated by the firm to help consumer in a better way. Smile
Reply
Thanks given by:
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  TataSky added "Tata Sky Classroom (TV)" channel on its DTH platform on 20-02-2021 Sathish 0 41 02-20-2021, 04:01 PM
Last Post: Sathish
  TataSky added "Star Pravah HD - Rs 15.00 (TV)" channel on its DTH platform on 20-02-2021 Sathish 0 28 02-20-2021, 03:45 PM
Last Post: Sathish
  TataSky added "Tata Sky Hits HD (TV)" channel on its DTH platform on 20-02-2021 Sathish 0 30 02-20-2021, 03:41 PM
Last Post: Sathish
  TataSky removed "Tata Sky Classroom (TV)" channel from its DTH platform on 20-02-2021 Sathish 0 41 02-20-2021, 11:00 AM
Last Post: Sathish
  TataSky removed "Star Pravah HD - Rs 15.00 (TV)" channel from its DTH platform on 20-02-2021 Sathish 0 50 02-20-2021, 10:44 AM
Last Post: Sathish
  TataSky removed "Tata Sky Hits HD (TV)" channel from its DTH platform on 20-02-2021 Sathish 0 50 02-20-2021, 10:41 AM
Last Post: Sathish
  "Star Sports 2 - Rs 6.00 (TV)" channel Audio Parameters updated on TataSky DTH Services on 18-02-2021 Sathish 0 115 02-18-2021, 10:10 AM
Last Post: Sathish
  "Tata Sky Fun Learn - Preschool (TV)" channel removed, "Tata Sky Fun Learn Pre School (TV)" channel added on TataSky DTH Sathish 0 153 02-11-2021, 06:27 PM
Last Post: Sathish
  "Tata Sky Fun Learn - Junior (TV)" channel removed, "Tata Sky Fun Learn Junior (TV)" channel added on TataSky DTH Servic Sathish 0 126 02-11-2021, 06:20 PM
Last Post: Sathish
  "India News Gujarat - Free (TV)" channel ECM PIDs updated on TataSky DTH Services on 05-02-2021 Sathish 0 56 02-05-2021, 04:02 PM
Last Post: Sathish

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement