Shares of broadcasting and cable TV operators closed on a mixed note on Thursday after falling in morning trade amid Trai's order that will enable users to access more channels at lower subscription price.
Sun TV Network stock, which dropped 6.37 per cent during the day, later recovered most of its losses and closed 1.25 per cent lower on the BSE.
Shares of Den Networks closed down 0.11 per cent.
Dish TV India jumped 2.26 per cent at close of trade and Zee Entertainment Enterprises rose 0.45 per cent.
All these scrips had fallen in morning trade.
In a bid to protect consumer interests, broadcast regulator Trai on Wednesday made amendments to the new regulatory framework for cable and broadcasting services.
Significantly, 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.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.