Raju lal
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- 2 Jun 2018
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Yes, but I didn't meant about that. Here Sony is trying to buy stakes in Zee entertainment. There is no cap for acquiring stakes in non news channels. Sony can acquire Zeel completely. But the legal problem I mentioned is something related to competition commission-if Sony moves to buy more than 50% stake in Zee may some barriers occur.it is almost similar condition like the failed Amazon - flipkart merger.Yes as per FDI rules Sony or any Foreign company cannot take over 50% or more in news Network as per law. That's why Star sold their news ch to ABP Govt raises FDI cap in news channels to 49%