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Our Bureau

New Delhi , Jan. 17

THE Government has notified permitting investment by foreign institutional investors (FIIs) in news and current affairs channels within the 26 per cent overall foreign direct investment (FDI) cap.

However, the portfolio investment in the form of FII/NRI deposits shall not be "persons acting in concert" with FDI investors. And the FII holding on March 31 of each year would be taken for the purposes of pro-rata reckoning of foreign holdings.

At present, FDI up to 49 per cent is permitted for setting up hardware and uplinking hubs, while 100 per cent FDI would be allowed with prior approval of the Government for uplinking a non-news and current affairs TV Channel.

More Stories on : Foreign Institutional Investors | Radio/TV

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