TV Today Network, one of India's leading English-Hindi news television networks, announced that the board has approved the increase in foreign investment limit by Foreign Portfolio Investors/Foreign Institutional Investors (FPI/ FII) up to 26% and by Non-Resident Indian (NRI) up to 24% of the paid-up capital of the company.

However, the increase in foreign investment limit is subject to the maximum permissible limit of 26% of the paid-up capital of the company, under the Portfolio Investment Scheme pursuant to FEMA Regulations, 2000 and approval of Foreign Investment Promotion Board (FIPB).

Also, the approval from FIPB shall be in accordance with the revised uplinking guidelines for news and current affairs channel by the Ministry of Information & Broadcasting, Government of India and other applicable laws.

Additionally, the increase in FPI/FII limit is subject to shareholder's approval.

Shares of the company gained Rs 14.45, or 7.02%, to settle at Rs 220.15. The total volume of shares traded was 186,317 at the BSE (Monday).