The government has said that will increase the foreign investment cap in FM radio firms from the current 20% to 26%, reports CNBC-TV18 quoting agencies. The government has also said that it will work with the finance ministry for incentives to TV distribution companies.
In an interview with CNBC-TV18, Prashant Pandey of ENIL said most radio companies have not exhausted the 20% limit. The sector, he said, is likely to see greater interest if the cap on foreign direct investment is increased to 26%. Below is a verbatim transcript. Also watch the accompanying video. Q: Is this a big positive you think, people like you could line-up some foreign capital quickly? A: I think itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
