News Broadcasting
FIPB clears hike in NRI stake in K Sera Sera
MUMBAI: The Foreign Investment Promotion Board (FIPB) has formally cleared the transfer of shares held by Indian residents in production company K Sera Sera to non-resident Indian investors. The share transfer amounts to 18.15 per cent of K Sera Sera’s total equity base.
The share sale transaction was done through an off-market deal as per information furnished by the company to the government. At the moment (post-transfer), foreign holding in K Sera Sera stands at 38.04 per cent.
Indias Foreign Investment Promotion Board (FIPB) recommended the K Sera Sera proposal for clearance late last month subject to the condition that it should conform to the existing foreign direct investment (FDI) sectoral policy.
As per an extant policy, 100 per cent FDI is permitted under automatic route for film production.
While recommending the case for finance ministers approval, the FIPB also noted that if for acquisition of 18.15 per cent of total equity, the FIIs and NRIs have to make an open offer to the public, as per regulatory framework, it should be done.
The companys share on the Bombay Stock Exchange closed Wednesday at Rs 126 after opening the day at Rs 131.25.
K Sera Sera was formed in 2002 after a take-over of a listed company Garnet Paper with the help of some NRIs in Hong Kong and the USA, as per information furnished by the company to the government.
Though primarily into film production and distribution business, K Sera Sera made its debut in the television segment of the entertainment industry earlier this year by launching Kuchh Love Kuchh Masti on Sahara One.
The company had submitted an application for post facto approval for transfer of shares in favour of seven NRIs namely KH Ramani, Virendra Khurana, Bhagwandas Chandiramani, Ashok Pamani, Kamini Pamani, RS Motwani and RK Sabnani who acquired 26,33,646 shares of the company through off-market purchases.
In addition, the company also made preferential allotment of fresh shares of 24,88,186 to the NRI and FII investors.
Though the government recently put transfer of shares from resident to non-residents under automatic route, subject to certain conditions, the FIPB did ask for comments from the related ministries as this particular proposal was submitted to the government before policy changes were effected.
While the department of heavy industry had no comments to offer initially, the information and broadcasting ministry did not have any objection to the proposal as it was getting covered under the automatic approval route.
In an interview to indiantelevision.com in the beginning of 2004, company executives had said that 75-80 per cent of revenue was being sought to be generated through movies, while the rest will be through television work, whose share is likely to go up substantially in 2005. Towards this end, the company had admitted signing up Ravi Rai, Clapstem’s Girish Mallik and DJ Creative’s Tony Singh for televsion assignments.
News Broadcasting
Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
