Peter and Indrani Mukerjea to quit INX Media
12 Mar 2009
Indrani Mukerjea and Peter Mukerjea have decided to step down from the management roles at INX Media. While Indrani was the CEO, INX Media, husband Peter was the chairman and chief strategy officer of the company.
Indrani will work till 30 April, while Peter will make an exit by the end of this month.
However, both Peter and Indrani will continue to hold their respective stakes in the company.
INX Network had two divisions, INX Media (9X and 9XM, the music channel) and INX News (made up of the news channel).
In January, INX News was sold to Indi Media, formed by two media veterans, Vinay Chhajlani, one of the promoters of NaiDunia, the Indore-based Hindi daily, and Jehangir Pocha, former editor of Businessworld magazine (See: INX News channel sold)
The Mukerjeas together hold a 50 per cent stake in INX Media. The remaining stake is held by private equity firms such as Temasek Holdings, New Silk Route and New Vernon Private Equity.