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| Exchange Disseminated Time | TV Today Network Ltd has informed BSE that the Board has approved the increase in foreign investment limit by Foreign Portfolio Investors/Foreign Institutional Investors (FPI/ FII) up to 26% and by Non-Resident Indian (NRI) up to 24% of the paid-up capital of the Company, subject to the maximum permissible limit of 26% of the paid-up capital of the Company, under the Portfolio Investment Scheme pursuant to FEMA (Transfer or issue of Security by a person resident outside India) Regulations, 2000 ('FEMA Regulations') and approval of Foreign Investment Promotion Board (FIPB) in accordance with the revised uplinking guidelines for News and current affairs channel by the Ministry of Information & Broadcasting, Government of India and other applicable laws.
However the above would be subject to shareholders' approval. |
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