So it's finally done, and as had been predicted, the Mukherjea's appear to have exited INX News: Indiantelevision.com reports that Indi Media, a joint venture between Vijay Chhajlani, promoter of the Naidunia Group and Jehangir Pocha have bought the approximately 50% stake held by Peter and Indrani Mukherjea. In this context, do note that Jehangir Pocha, editor of Businessworld, was reported to have put in his papers. So it appears that Chhajlani is putting in the money, and Pocha will manage the news operations. More on Pocha on his site. The rest of the stake is reportedly held by Temasek Holdings, New Silk Route, New Vernon Private Equity Fund, Kotak Mahindra Capital and SREI. What's interesting is that Peter and Indrani Mukerjea will continue to hold stake in INX Ltd, which runs the channels 9X and 9XM. Are they next? Remember that news and non-news operations usually operate separately in India because the amount of foreign investment allowed in news media companies is 26%. NewsX has a news site, while Over the past month or so, INX has been reported to be in talks with Rajeev Chandrasekhar, founder of Jupiter Capital, as well as the Dainik Bhaskar group, though both were denied. More on this deal as we have it. We're reliably told that Jehangir Pocha is about to reach the NewsX office to give a little speech. Update: According to our sources, Pocha will join NewsX next month; details of the deal have still not been disclosed, but most publications…
Investment
Report: Mukherjea Stake In INX News Bought By NaiDunia Promoter, Former BusinessWorld Editor
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...