Restriction on foreign investment in print media: purchases by certain foreign investors barred and exchanges must notify brokers. An amendment to the foreign exchange regulations disallows purchase of shares and convertible debentures of Indian companies engaged in the print media sector by Foreign Institutional Investors and Foreign Venture Capital Investors; stock exchanges are directed to notify their brokers of this restriction for compliance and awareness.
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Provisions expressly mentioned in the judgment/order text.
Restriction on foreign investment in print media: purchases by certain foreign investors barred and exchanges must notify brokers.
An amendment to the foreign exchange regulations disallows purchase of shares and convertible debentures of Indian companies engaged in the print media sector by Foreign Institutional Investors and Foreign Venture Capital Investors; stock exchanges are directed to notify their brokers of this restriction for compliance and awareness.
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