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NEW DELHI, March 1 Asia Pulse - Tata Sons has asked the federal government for permission to begin the US$300 million Direct to Home (DTH) venture through Space TV, while reserving the right to introduce any other group company as equity partner.
In its application to the Foreign Investment Promotion Borad, the Tatas have said that Tata Sons will be the holding company for the DTH venture, in which 20 per cent stake will be held by foreign investors, sources said here Friday.
"Tata Sons is the holding company and reserves the rights to introduce any other group company as equity partner in the venture," they said.
Tata Sons acquired Space TV from ...