aumnamonarayan
EntMnt Contributor
Rupert Murdoch-controlled News Corp has the option of increasing its shareholding in direct-to-home (DTH) services provider Tata Sky to 50 per cent from the current effective stake of 29.8 per cent. Tata group holding firm Tata Sons holds a majority stake in Tata Sky.
News Corp has a shareholder agreement which gives it the option to become an equal partner. Tata Sons owns 60 per cent stake in the company while the remaining 10 per cent is with Singapore-based private equity firm Temasek.
News Corp, however, will not be able to benefit from the recent hike in the FDI cap to 74 per cent in the broadcast-carriage services sector. The company, which runs a broadcasting business in India through its subsidiary Star, is handicapped by a cross-media regulation.
Source : http://www.indiantelevision.com/headlines/y2k12/sep/sep194.php
Admin Note : dino29 : This Forum is meant for Sharing News along with Source Links. We are not here to promote some website. So, post the highlight of news also along with links.
News Corp has a shareholder agreement which gives it the option to become an equal partner. Tata Sons owns 60 per cent stake in the company while the remaining 10 per cent is with Singapore-based private equity firm Temasek.
News Corp, however, will not be able to benefit from the recent hike in the FDI cap to 74 per cent in the broadcast-carriage services sector. The company, which runs a broadcasting business in India through its subsidiary Star, is handicapped by a cross-media regulation.
Source : http://www.indiantelevision.com/headlines/y2k12/sep/sep194.php
Admin Note : dino29 : This Forum is meant for Sharing News along with Source Links. We are not here to promote some website. So, post the highlight of news also along with links.
