No further FII buying in TV 18

CHENNAI: The Reserve Bank of India on Wednesday has notified that no further purchases of equity shares of Television Eighteen India should be made on behalf of foreign institutional investors (FIIs) / non-resident Indians (NRIs)/ PIOs through stock exchanges in India without the prior permission of the RBI. The RBI has stated that Television Eighteen-India has reached the trigger limit of 24 per cent of its paid-up capital.

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