Private equity firm New Silk Route is in talks with Sony Pictures Networks India to sell 9X Media, which owns a clutch of music channels.
New Silk Route and Pradeep Guha are also in talks with other investors to sell 9X Media for anywhere between Rs 250 crore and Rs 300 crore, The Economic Times reported.
While New Silk Route holds around 80% stake in the company, Guha owns about 15%. The sale process is driven by Guha, ET reported.
9X Media operates music channels such as 9XM, 9X Tashan,...
New Silk Route in talks with Sony to unload 9X Media
New Silk Route and Pradeep Guha are also in talks with other investors to sell 9X Media for anywhere between Rs 250 crore and Rs 300 crore, The Economic Times reported.
While New Silk Route holds around 80% stake in the company, Guha owns about 15%. The sale process is driven by Guha, ET reported.
9X Media operates music channels such as 9XM, 9X Tashan,...
New Silk Route in talks with Sony to unload 9X Media