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.

Advertisement. Scroll to continue reading.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

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

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...

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...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ