wordpress blog stats
Connect with us

Hi, what are you looking for?

Rajeev Chandrasekhar In Talks To Buy Stake In INX News

Rajeev Chandrasekhar INX News

Rajeev Chandrasekhar INX NewsRajeev Chandrasekhars Jupiter Capital is eying a stake in INX News Ltd, which runs the news channel NewsX, reports Mint quoting sources. This had first been reported at PressTalk a few days ago, according to which Chandrasekhar was offered the (Peter and Indrani) Mukerjea stake in News X, but he declined to buy in at around Rs. 200 crores. Peter Mukerjea has denied to Mint, that he had any formal discussions with Chandrasekhar. INX was looking to raise $150 million in funding, which was expected to be closed by December.

The Mukerjeas own 50 percent in INX, while the balance in held by Temasek Holdings, New Silk Route, New Vernon Private Equity Fund, Kotak Mahindra Capital and Srei. Business Standard reported yesterday that the Bhaskar Group was in talks for acquiring a stake in INX. That report has since been pulled, but you can download the PDF of the cached version: here.

Chandrasekhar recently sold a significant stake in Asianet communications to News Corps STAR TV. He had picked up 51% stake in Asianet Communications in 2006 for an estimated Rs. 150 crores. It was reported recently that he was looking to acquire up stake in an English news channel, and was in talks with one in Delhi, and another in Mumbai. NewsX is one, not unexpectedly.

Update: Exchange4media reports of a patch-up between Tamil Nadu Chief Minister Karunanidhi and his nephews, the Maran brothers – which means that the Karunanidhi backed channel Kalaignar TV and Maran’s Sun TV will provide stiff competition to the STAR Jupiter/AsiaNet combine.

You May Also Like


The digital business of Raghav Bahl and Ritu Kapur’s The Quint have been acquired by Gaurav Mercantiles Limited, a company that also has Kapur...


The rush to put together an independent body for online content regulation is turning out to be quite a challenge for the Internet and...


by Nikhil Pahwa and Aroon Deep “This is not an IAMAI code, and it should not be represented in that manner,” a stakeholder apparently...


The Internet Freedom Foundation*, a digital rights non-profit based in India, has written to Justice AP Shah, Chairman of the IAMAI’s controversial Digital Content...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ