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INDIA'S TATA SONS SAYS IT CAN ALTER EQUITY PATTERN OF DTH VENTURE.

AsiaPulse News

| March 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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