Shares of broadcasting and cable TV operators fell up to 6 percent on Thursday after TRAI made amendments to the new regulatory framework for cable and broadcasting services under which cable TV users will be able to access more channels at lower subscription price.
Sun TV Network dropped 6.37 percent, Den Networks dipped 3.90 percent, Zee Entertainment Enterprises fell 2.99 percent and Dish TV India was down 0.85 percent on the BSE.
However, later Dish TV recovered its early losses and was trading with marginal gains.
In a bid to protect consumer interests, TRAI on Wednesday made amendments to the new regulatory framework for cable and broadcasting services.
Significantly, the Telecom Regulatory Authority of India (TRAI) capped the amount consumers will have to pay monthly for all free to air channels at Rs. 160.
The new rules are part of the changes the regulator has made to its 2017 tariff order for broadcasting and cable TV services. They will be effective from March 1.―The Hindu Business Line