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Industry & Economy - Radio/TV
Balfour to invest in Kumudham's FM

Our Bureau

Chennai, Jan. 23

The US-based Balfour Capital LLC has received approval from Foreign Investment Promotion Board (FIPB) to invest Rs 1.7 crore in Noble Broadcasting Corporation; the FM radio-arm of the Chennai based Kumudham Publications.

The FIPB notification released on Tuesday was for "induction of foreign equity up to 20 per cent in the company engaged in FM broadcasting". It may be recalled that the company launched Aahaa FM 91.9 on January 18.

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