News Broadcasting
It brings print on the same platform as broadcasting, telecom: Mid Day Multimedia’s Tariq Ansari
It’s extremely positive. It brings print on the same platform as broadcasting and telecom. There were concerns of national security and these have been addressed in the Cabinet decision through safeguards. So far there is nothing which could be a problem in the new announcement.
The decision is a progressive move, however, it will have no immediate impact on our plans. Last year we had an IPO. We have the capital, however, we may need some technology. We have no reason to sell out at this stage. We have our plans but a divestment of equity to a foreign investor is not on the cards now. The opening up of FDI gives us an option sometime down the road.
We do not believe that FII investment being allowed in print is a natural consequence of this current decision. That’s an issue which has to be decided by the RBI.
