Is there any amendment to the RBI rule banning listing of print media companies on the stockmarket?
The amendment will allow companies to be listed in the stockmarket but only for Indian equity, not for FIIs. We keep hearing 100 per cent FDI in broadcasting being touted as a justification for opening up print.Is that the case? There are different issues in the electronic media. In uplinking it is 49 per cent. In telecom it is 74 per cent. In dth it is 20 per cent. In FM radio it is 20 per cent. When they say 100 per cent they are talking about software, because it comes from abroad. You can’t regulate it. Where we have opened up, we have kept it at 20 per cent to 49 per cent.
