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Foreign investment restriction: FIIs, NRI/OCBs and FVCIs barred from acquiring print media company equity or convertible debentures. The amendment adds provisos to Regulation 5 prohibiting Foreign Institutional Investors, NRI/OCB and Foreign Venture Capital Investors from purchasing shares or convertible debentures of Indian companies engaged in the print media sector, effecting an immediate restriction on those categories of non-resident investment in print media.
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Provisions expressly mentioned in the judgment/order text.
Foreign investment restriction: FIIs, NRI/OCBs and FVCIs barred from acquiring print media company equity or convertible debentures.
The amendment adds provisos to Regulation 5 prohibiting Foreign Institutional Investors, NRI/OCB and Foreign Venture Capital Investors from purchasing shares or convertible debentures of Indian companies engaged in the print media sector, effecting an immediate restriction on those categories of non-resident investment in print media.
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