Finance Ministry defers Jasper Infotech’s investment proposal in Den’s Macro Commerce

New Delhi: The Finance Ministry has deferred a decision on a proposal by Jasper Infotech Private Limited which wanted to make downstream investment in Macro Commerce Private Limited.

The investment was for uplinking of Non-news TV channels by purchasing 50 percent stake in the company from Den Networks Limited, its existing holding company.

Approval has been deferred for foreign investment of up to 100 percent in a new company proposed to be incorporated in India by publishing firm Macmillan Publishers International Ltd, UK.

The decisions of the ministry are on the recommendations of the Foreign Investments Promotion Board (FIPB).