Business Standard

Govt Plans Golden Share For Print Media Promoters

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BUSINESS STANDARD

The government is considering the option of allotting a golden share to the promoters of domestic print media companies in order to ensure their absolute control, in spite of a 26 per cent foreign holding.

A 26 per cent stake in an Indian print media company can give a foreign investor the power to block all special resolutions moved by the company

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First Published: Sep 13 2002 | 12:00 AM IST

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