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Satyam divests stake in Sify for $ 62.62 million

MUMBAI: Satyam Computer Services Ltd has divested its existing holding of 11,182,600 equity shares of Rs 10 each in Sify Ltd., represented by ADS, to Infinity Capital Ventures LP, a firm controlled by Silicon Valley entrepreneur Raju Vegesna. The sale was concluded at a price of $ 5.60 per ADSs....

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Star makes open offer for 20 % stake in Balaji

MUMBAI: Following up on the announcement made last week that Star Group affiliate Asian Broadcasting FZ LLC (ABF) was to take a 25.1 per cent stake in Balaji Telefilms, an open offer has been made by ABF to the shareholders of the production major. ABF is to make an open offer to Balaji...

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Intelsat to withdraw planned IPO of shares

BERMUDA: Intelsat has announced that it has withdrawn its plan to launch an initial public offering. The communication company also declared its intention to explore strategic alternatives.

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Govt to re-look news channel uplinking policy; seeks clarifications on Star News structure

First came the articles questioning the Star News equity structure in India Today and later in The Times Of India. It was followed up by a petition made by virtually all Indian broadcast companies (excepting the Zee Group whose promoter Subhash Chandra is technically a non-resident Indian)...

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Supplementary application on Star News to be filed Tuesday

Even as the government today said it is examining a proposal involving Star News submitted last Friday, the company that would be the content provider for Star News channel, pending various okays, is called Media Content & Communication India Pvt Ltd (MCCIPL).

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