The company is weighing all options to raise funds for this purpose.
"We may go in for debt or have a rights issue. We are also
looking at diluting equity," says KBCL managing director Harjit
Singh. He, however, ruled out diluting majority stake in the company.
KBCL has already applied for an uplinking licence. The earth station
will be set up near Chandigarh. "We are awaiting clearance
from the government," says Singh.