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Our Bureau

Mumbai , April 6

EVEN though FIIs and NRIs are not allowed to invest in the shares of TV Today Network, such class of investors have bought some shares from the secondary market.

As per the policy of Ministry of Information and Broadcasting, FIIs and NRIs are not permitted to purchase or sell shares of TV Today Network as the company is into the business of news and portfolio investment. However, foreign direct investment up to 26 per cent is allowed.

The investment by FIIs/NRIs in the TV Today shares has also come to the notice of the National Stock Exchange, where the shares of the company are listed.

NSE in a notice to its members has said that they should inform their clients to disinvest the shares of TV Today purchased by them. However, the volume of purchase and other details are not available.

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