Peter Mukerjea’s TV Venture Announced

There was an official announcement of former Star Group CEO Peter Mukerjea’s TV ventures. Moneycontrol.com has the details. They have floated two companies – INX Media Pvt Ltd and INX News Pvt Ltd. Both the companies together will hold a full bouquet of channels such as a Hindi entertainment channel, an English news channel, besides a host of entertainment channels in regional languages, a music channel and city-specific channels.
INX Group promoter Indrani Mukerjea (Peter Mukerjea’s wife) will be chairperson of the venture. Peter Mukerjea is in the background since he has signed a non-compete clause with Star India which is valid for a year.
The entertainment company INX Media has received funding from Temasek Holdings (via Dunearn Investments), New Silk Route Partners, New Vernon, Kotak Mahindra, and SREI Group. INX Media will hold 26 per cent in the news media company, INX News. An official statement has categorically denied Reliance Industries chairman Mukesh Ambani’s inolvement as an investor directly or indirectly. The news business – INX News – will be headed by former Hindustan Times editorial director Vir Sanghvi as CEO.
Related:
Vir Sanghvi To Join Mukerjea As CEO Of News Channels; Is Mukesh Ambani Investing?

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