Govt considers FDI cap hike in DTH, cable networks; Dish TV up 4.5%

Govt is considering a proposal to hike FDI limit to 100% in broadcasting carriage and content services

Shares of Dish TV India and Den Network are trading higher in a weak market on reports suggesting that the Government is considering a proposal to hike foreign direct investment (FDI) limits to 100% in broadcasting carriage and content services, including direct-to-home (DTH) and cable networks in order to attract overseas investment and improve infrastructure.

Companies that offer broadcasting carraige services include Dish TV, Siti Cables, Hathway services and Den Networks.

An inter-ministerial committee is considering FDI proposals, including hiking foreign direct investment cap in cable networks, direct-to-home (DTH), Mobile TV, HITS (Headend-in-the Sky Broadcasting Service), according to media reports.

 

Shares of Dish TV India have surged 4.5% and a total of 299,645 shares have changed hands on the BSE. Meanwhile, Den Network have climbed 3.5% and a total of 31,208 shares have changed hands on the BSE.