M/s Vijay Television Pvt Ltd has been permitted to bring in Rs 961.74 crore by foreign promoters for acquiring the existing domestic shareholding in the non-news channel business.

The Foreign Investments Promotion Board has however deferred a decision on a proposal by M/s Jeevan Telecasting Corporation Ltd. as the Home Ministry has proposed for revocation of existing approval.

The Finance Ministry on the recommendation of the FIPB has also deferred a decision by M/s P5 Asia Investments Holdings (Mauritius) Ltd. for NR to NR transfer of shares to carry out the business of (a) Broadcasting a non- news and current affairs television channel namely "StarCJ alive" Channel; (b) wholesale cash and carry trading of products; and (c) creation of home shopping content for broadcast through any and all mediums, including the channel, all within India.

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