News Govt approves DEN Networks’ proposal to increase FDI limit

[Deepu]

Sameer Manchanda-promoted multi-system operator (MSO) DEN Networks has received government approval to increase the foreign investment limit in the company beyond 49 per cent and up to 74 per cent. The Foreign Investment Promotion Board (FIPB) cleared DEN’s proposal on 13 July in its meeting chaired by Finance Secretary Rajiv Mehirshi. DEN Networks is the second-largest MSO in the country with a digitised base of 7 million and a total universe of 13 million. However, as of end of FY15, its broadband subscriber count stood at just 23,000

Read more at: http://www.televisionpost.com/cable/govt-approves-den-networks-proposal-to-increase-fdi-limit/ | TelevisionPost.com

 

[NinadG]

From 22.18 % FII shareholding to 74 %.....
There was a rumour that Den has some Dubai / Dawood connection....

 

[IndianMascot]

May be that would be the reason they got such high FDI.

 

[DashMajor]

But Murdoch's people running DEN from inside..

 

[IndianMascot]

Still they keep fighting with Star in TDSAT.

 

[scorpionking76]

Still they keep fighting with Star in TDSAT.

That's the understanding bhai, you increase we fight with you in TDSAT

 

[DashMajor]

Where they fight ??

 

[IndianMascot]

Check TDSAT website bro. I will try to find some and share here.

 

[DashMajor]

But some fights won't be consider fights, if I am correct then even Tata Sky faught with STAR

When our own sister concern fights then tat means they're finding excuse to increase the prices & if opponents fights then that means they wants to decrease the prices

 

[IndianMascot]

Bro. fights mean cases filed for lawsuit.