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Government raises FDI limit in private FM radio

Tuesday, 12 Jul 2011
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The Union Government on 7 July 2011 approved increasing foreign investment limit on private FM radio broadcasting companies.
 
The government has approved raising the FDI limit to 26 per cent from the current 20 per cent in private FM radio broadcasting companies.
 
In a related development, the government has also proposed the reduction in the lock-in period of shareholding of promoters/majority shareholders from the present five years to three years to give them greater freedom to change the share holding pattern.
 

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