Foreign Funds Flow To Indian Entertainment And Media Companies

Business Standard: Indian media and entertainment sector has been a happening area for a while. Foreign investors interest is a barometer to go by. According to this news report, in the first four months of 2005 alone, over Rs 150 crore ($33 million) have been pumped into various domestic media companies compared to Rs 113 crore ($25 million) in the entire 2004 (excluding the investment by Independent News & Media, Ireland, whose stake in Jagran was just approved by the ministry).
Nitin Khandkar, vice-president – research, Keynote Capitals, said:

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