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Govt. mulls FII investment in print media
By agencies
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Monday, 14 March 2005, 20:30 IST
NEW DELHI: The Government is considering opening up the print media sector by permitting investment by Foreign Institutional Investors (FIIs) within the 26 percent ceiling allowed for Foreign Direct Investment.
Information and Broadcasting Minister Jaipal Reddy said that "representation has been received that FIIs be permitted subject to ceiling of 26 percent and this is still under consideration".
Reddy said since the Reserve Bank of India and the Securities and Exchanges Board of India (SEBI) strictly monitor FII flows, this route will enable control by the authorities unlike in the case of FDI.
He said through FII route, investors would not be able to exercise the same control as through FDI route.