MUMBAI: Kalanithi Maran-owned Kal Media Services has got the government nod to induct foreign equity in an investing company, clearing the way for Malaysia-based Astro Group to increase its holding in Sun Direct from 20 per cent to 35 per cent.Astro is to pick up 37.5 per cent stake in Kal Media, according to the application.
Kal Media Services was then to pick up 40 per cent stake in Sun Direct, giving Astro an effective indirect stake of 15 per cent, taking Astro’s effective holding in the DTH company to 35 per cent.
Astro, via its subsidiary South Asia Entertainment Holdings, holds 20 per cent stake in Sun Direct.
Meanwhile, the FIPB has cleared a proposal of Jagran Media Network for induction of foreign equity to the tune of Rs 2.25 billion.
FIPB has also approved the proposals from Zee Entertainment Enterprises for transfer of shares by way of share swap and one by Bharat Broadcasting Network for ex-post-facto approval for transfer of shares to NRI to carry out the business of uplinking news and current affairs channel. Bharat Broadcasting Network jointly runs Malayalam TV channel Jaihind TV.
Source: Indiantelevision.com
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2 comments :
sir iam vinay reddy from hyderabad iam using your sun direct net work , from last 25 days onwards dish setup box is not working , i given so many complaints regarding this , but no body can not responded , i did nearly more than 50 times calls to your sun direct customer care center but , no body can not responded , i dint saw this kind of verust and bad services , i have all the call details with me what i done when i did , i have the data . if you also not responded , i will move forward . vinay .,9885127869.this is my contact number .iam waiting for ur reply as soon as possible .
Mr. vijay
pls remove your sun direct dish and sell it to old iron shop for 5/-
try to get new connection like Bigtv or dishtv they are 1000% better than this service.
the worst ever seen service is this.
if u want, i will give my f***ing sundirect disk to u of free of cost.
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