FDI cap in digital media may hit valuations, fundraising
- Fundraising plans, capital structure may have to be altered to be in line with the law
- The firms and their investors expect the govt to clarify and provide details on the announcement
The government’s decision on 28 August to restrict foreign direct investment (FDI) in digital news media companies to 26% is likely to hit investment activity and may lead to a reconsideration of valuations, said industry observers and market participants.
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