The Foreign Investment Promotion Board (FIPB), has cleared proposals of two digital businesses: Idea Cellular's wholly owned subsidiary Idea Cellular Infrastructure Services Ltd (ICISL) has become a foreign owned company, with more than 50% foreign investment: the FIPB has taken this on record, and allowed foreign investment in it up to 67.5%. Star Den Media Services Private Limited has been allowed to to discontinue "its current business of providing support services to broadcasters in relation to TV channel distribution business, and thus (B) continue to act only as investing company." It's not clear what this investing company will do, but STAR Den is now entirely owned by Star: In March 2016, Star had bought out the stake in the JV with Den Networks for Rs 40.35 crore. Star Den was 50:50 joint venture between the two companies - Star which is…
