Top Story


Home >> International >> Article

IndusInd Entertainment plans to offload 20% stake to foreign investor

Font Size   16
IndusInd Entertainment plans to offload 20% stake to foreign investor

IndusInd Entertainment Limited (IEL) is in talks with a foreign investor to dilute 20 per cent stake, as part of its plans to upgrade from being a collection of city-specific channels to a satellite infotainment channel. According to industry sources the investor had already done a valuation of the company. The price of acquiring the stake is under negotiation. The Hindujas want to raise Rs 50 crore.

The Hindujas incorporated IEL in order to have a company focused on local television content and to take over the operations of IndusInd Media & Communications’ IN-TV division. But realising the potential of upgrading to satellite transmission, the Hindujas decided to scout for a partner for the project.

The city-specific channels under the ‘IN’ brand would continue to run under IndusInd Media & Communications. While the satellite channel will have an all-India format, localised content including live coverage of events.

IndusInd Entertainment Ltd has entered into an agreement with IndusInd Media & Communications for right to use the ‘INTV’, ‘IN Time’ and ‘IN Mumbai’ brands and television software. It offers an infotainment channel having a mix of multilingual news, events and light entertainment on cable TV systems. IEL pays to IndusInd Media for the usage of the software.

IndusInd Media & Communications runs the access business through the INCablenet brand, content is being looked after by IEL.


Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.