wordpress blog stats
Connect with us

Hi, what are you looking for?

FIPB Roundup: Unitech Wireless Deferred Again; Verdant, UTV, ZEEL, Dish TV, BenQ

UTV Software Communications will increase its shareholding to 85% by purchase of equity shares, however there will be no fresh FDI flow.

ZEEL’s attempt to uplink a TV channel under the non-news, current affairs category have received the green signal from FIPB, which has permitted it to transfer equity shares to an overseas company owned by its promoters who will uplink the channel.

Unitech Wireless‘ application to increase the foreign shareholding to 74% has been deferred yet again by the Foreign Investment Promotion Board. This is likely to delay, again, the inflow of funds from Telenor, into the new telecom operator, and may adversely impact rollout plans. No reason has been mentioned for the repeated deferring of the proposal. Telecom companies are allowed to raise upto 74 percent in foreign investment. We’ll update with more from Telenors financial results later this week.

Handset maker BenQ India‘s proposal to amend the foreign collaboration terms have been rejected and the FIPB has noted that it will not accept violations of test marketing conditions.

Dish TV‘s plans to  issue convertible bonds, convertible into equity shares to people living outside India are also delayed due to FIPB deferring its decision  on it.

Advertisement. Scroll to continue reading.

Verdant Telemetry & Antenna Systems was given the go ahead to invest Rs. 0.75 crores in setting up a manufacturing plant to produce antennae, telemetry transceivers and other components for defence and aerospace firms.

Related
Govt Approvals For Tikona, Spectator, VenturEast, BGC SmartCard, Eros; PowerMax, ZEEL, Unitech Deferred

Written By

http://www.linkedin.com/in/preethij

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ