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Star India Hikes Stake in Tata Sky

The Government of India has approved a proposal by Star India Holding BV to acquire up to 49 per cent shareholding in TS Investment Ltd, which in turn will acquire shares of Tata Sky for Rs 3.24 billion. The Foreign Investment Promotion Board (FIPB) had earlier deferred Star India Holding’s proposal to acquire up to 49 per cent stake in the DTH joint venture with the Tata group.

Star India currently owns a 20 per cent stake in Tata Sky, Mauritius-based Baytree Investments has 10 per cent and Tata Sons holds 70 per cent.

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