STAR has acquired the horizontal Internet portal
indya.com. Announcing the acquisiton, STAR group executive vice-president
Gary Walrath said the stake in the Pradeep Kar-promoted indya.com has been
raised from 37 per cent to almost 100 per cent now. STAR and indya.com will
together provide a template for integrated advertising and services for
consumers on the lines of Sky Global Networks (SGN).
The remaining 21 investors in the portal including
ICICI, certain mutual funds and individual investors like Vinod Khosla have
exited from indya.
With STAR taking majority stake in indya.com, Microland
group chairman Pradeep Kar’s ambitious foray into E-com seems to have taken
a jolt with most of the other companies floated by him facing a crisis
With the latest acquisition, STAR has a major presence
in television, radio and e-commerce in the country.