Devas Multimedia Ltd

Government will oppose the international award given to Devas Multimedia Limited after the Supreme Court upheld NCLAT's order to wind up the company

The Enforcement Directorate imposed a Rs 1,585 crore penalty on satellite services provider Devas Multimedia Ltd, its directors and foreign investors for illegal foreign investment of Rs 579 crore against the Foreign Exchange Management Act 1999

Government will oppose the international award given to Devas Multimedia Limited after the Supreme Court upheld NCLAT's order to wind up the company

The Enforcement Directorate imposed a Rs 1,585 crore penalty on satellite services provider Devas Multimedia Ltd, its directors and foreign investors for illegal foreign investment of Rs 579 crore against the Foreign Exchange Management Act 1999