At present, 100% FDI is allowed in telecom companies, of which up to 49% can be done through the automatic route. Photo: BloombergNew Delhi: Telecom operator Idea Cellular has approached the government for raising foreign direct investment (FDI) level in the company to 100%. “Application made to DIPP (Department of Industrial Policy and Promotion) for 100% FDI in Idea,” the company said in an investor presentation. Foreign investors hold around 27% stake in Idea, as per shareholding pattern of the company till December 2017. At present, 100% FDI is allowed in telecom companies, of which up to 49% can be done through the automatic route.

Source: Mint January 27, 2018 06:00 UTC