[icernet] CNBC Asia may acquire 26% TV18 pie

[Arul Selvan]

Indian financial news provider TV18 said on Thursday that CNBC Asia 
Pacific may take a stake in the company or one of its units under new 
Indian rules on news channel foreign ownership. CNBC Asia and Television 
Eighteen India Ltd already have a 51-49 per cent joint venture, CNBC 
India, which is registered in Mauritius. TV18, which recently won a 
broadcasting licence, produces content for CNBC India. Government 
guidelines announced this year capped foreign equity in news channels 
wanting Indian uplink facilities at 26 per cent.


Source:
http://www.rediff.com/money/2003/may/22cnbc.htm