The investors in INX Media Pvt. Ltd which will have the entertainment and the music channels include Dunearn Investments, a wholly owned subsidiary of Temasek Holdings, NSR PE, a fund advised by New Silk Route Partners, New Vernon Private Equity, SREI, Kotak Mahindra Capital Company and Kotak Private Equity (part of the Kotak group) and IM Media Pvt Ltd.
The structure of INX News Pvt. Ltd, which will own the news channels, is in accordance with Government of India regulations which specify that a single Indian entity must own 51 per cent of the equity and that foreign shareholding cannot exceed 26 per cent.
The entertainment company will own 26 per cent of the news company. IM Media Pvt. Ltd. will own the majority shareholding as the Indian entity. IM Media Pvt Ltd is a company owned by Indrani Mukerjea and is part of the INX group. It will fund its investments in this venture through interest-bearing debt.