INX News channel sold

Shalini Amarnani
09 January 2009

INX News has been bought over by Indi Media, a company promoted by Vinay Chhajlani and Jehangir Pocha. The newly-formed Indi Media Company Pvt Ltd has bought over the entire stake of INX News.

Previous owners including Indrani Mukerjea and Peter Mukerjea are said to have exited the company following the sale. 

Chhajlani is one of the promoters and CEO of Madhya Pradesh-based Hindi daily, NaiDunia and founder of Webdunia, while Pocha, till date, was editor of Businessworld put  in his papers today to head NewsX and the other forthcoming channels from INX News. 

Pocha was the China correspondent for The Boston Globe prior to taking over as editor of Businessworld. Before becoming a journalist in 2002, Pocha had spent a decade in business, and had worked with several start-ups and Fortune 500 companies in the US. He also has an MBA from Mumbai's SP Jain Institute and a degree in media and foreign policy from Harvard University.

INX News Pvt. Ltd is a subsidiary of INX Media Pvt. Ltd, a broadcast company promoted by former Star India CEO Peter Mukherjea and his wife Indrani Mukherjea.

INX had been funded by the Singapore gvernment's investmernt arm Temasek Holdings, via Dunearn Investments, New Silk Route, New Vernon, Kotak and the SREI Group.