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| CAUTION NOTICE FOR PURCHASE OF SHARES OF NEW DELHI TELEVISION LIMITED | |||
All persons resident outside India including Foreign Institutional Investors (“FIIs”), Non-Resident Indians (“NRIs”) and companies in which there is majority ownership and control by persons resident outside India cannot buy or sell or trade or deal in the shares of New Delhi Television Limited (“NDTV/Company”). The Company brings the following to the information of public, Investors and brokers. |
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| 1. As a news broadcasting company, NDTV is required to ensure compliance with the Guidelines for Uplinking of News and Current Affairs TV Channels from India (“March 2003 Guidelines”) issued by the Ministry of Information and Broadcasting (“MIB”) as amended in August, 2003 (“August 2003 Revised Guidelines”). The relevant clauses of the August 2003 Revised Guidelines are as follows:
(i) Clause B prescribes that the Foreign Direct Investment (“FDI”) shall not exceed 26 % of the paid up equity capital of the Applicant company. (ii) Clause D states that while calculating the 26 % FDI in the equity of the Applicant company, the foreign holding component, if any in the equity of the Indian shareholder companies of the Applicant company will be duly reckoned on a pro rata basis, so as to arrive at the total foreign holding in the Applicant company. (iii) Clause F states that it is obligatory on the part of the company to take prior permission from the MIB before effecting any alteration in the foreign shareholding patterns and the shareholding of the largest Indian shareholders. |
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