Former Star India CEO Sameer Nair is finally moving to NDTV as the CEO and Director of the Hindi entertainment channel NDTV Imagine Ltd. The Delhi-based media company has issued a notice to Bombay Stock Exchange regarding Nair’s appointment. Nair’s last day at Star is March 26. NDTV Imagine is a subsidiary of the UK-based NDTV Networks Plc. The entertainment channel also has film director Karan Johar as partner with a small equity stake. The company plans to invest $106 million in the business.
US venture fund Com Ventures recently will invest $20 million in NDTV Networks, which holds another subsidiary NDTV Lifestyle besides Imagine.
The other ex-Star TV honcho Peter Mukerjea recently announced his own TV initiatives – INX Media and INX News.
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