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 IndusInd
Media & Communications Limited (IMC):
 IMC
is India's largest Broadband Multi System Operator (MSO). Its
multi-channel transmission service, INCableNet's is ranked among
the 10 largest Cable TV providers in the world
IMC commenced operations in 1995 and has built up india's largest
cable television MSO.
IMC has the lion's share of the market in Mumbai city itself.
In addition to Mumbai, IMC's network covers 11 major cities
in Northern, Southern and Western India. The company has a strong
presence in Delhi, Ahmedabad, Hyderabad, Bangalore, Belgaum,
Agra, Indore, Vadodara Mysore, Nasik and Nagpur..
Intel USA has taken a 3.3% effective equity stake in IMC for
US$49.23 million in May 2000, giving it a benchmark valuation
of US$ 1.5 billion (Rs. 6800 Crores) and making it one of India's
most valuable unlisted companies. The Intel investment has been
routed through Grant Investrade Limited where HF holds majority
stake.
The proceeds of the investment are being used for enhancing
the broadband capabilities and expansion to other cities. |
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