Top Story

e4m_logo.png

Home >> International >> Article

Hinduja TMT plans to expand its business

29-June-2001
Font Size   16
Share
Hinduja TMT plans to expand its business

Hinduja TMT Limited has worked out an expansion strategy. The company plans to offload 20 per cent stake to strategic partners in its cable subsidiary IndusInd Media Communication, raise Rs 11 crore in its second subsidiary In2cable.com, and go for a private placement in the holding company HTMT.

IndusInd Media Communications, which owns InCablenet, is aiming at the cities where other multi-system cable operators like Siti Cable and Win Cable are not present. As suggested by PwC, the company is looking at smaller cities with a population of about five lakhs.

The business plan for IndusInd Media Communication includes, improving franchisee-operator relationship and introducing addressability on the cable network. However, incorporation of strategic partners in IndusInd Media Communication will need Intel’s approval, which has invested around Rs 230 crores in the company and holds about 3.3 per cent stake.

HTMT’s ISP subsidiary, In2cable.com, too is spreading its wings in the cities other than Mumbai, Hyderabad, Bangalore, Delhi, Ahmedabad, Nagpur and Belgaum. In these cities, as an ISP it also runs cyber cafes. Talks are on with some investment funds and the deal is expected to be signed within three months.

Tags

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Conceptualised and executed by WATConsult, the campaign focuses on how Lotus Make-up is an enabler for women from various walks of life

iProspect released the third annual 2018 Future Focus Whitepaper geared to examine how machines and technology will impact marketing and advertising in the year ahead

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO