Temasek, New Silk, New Vernon, Kotak steer 9X sale to Zee in partial INX exit
Temasek Holdings, New Silk Route, New Vernon Private Equity Fund and Kotak Private Equity may see a partial exit from their loss-making Indian media investee INX Media, with the sale of its 9X entertainment channel to the Subcontinent's largest media group, Zee Entertainment Enterprises.
The deal is expected to cost Zee up to $16.5 million. The HIndi-language channel has struggled with losses for some time, and 9X creditors owed roughly double the final deal price are likely to take a...
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