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Intel’s stake in INCablenet: Complex deal, complex valuations

(Apr 26, 2000)

One of the bigger venture capitalists in the infotech, communication and entertainment sectors seems to Intel Capital, the venture capital arm of Intel Corporation. The company has picked a 49% stake in Grant Investrade (a subsidiary of Hinduja Finance) which in turn holds a 6.7% stake in IndusInd Media Communication (IMC) the owner of the multi system cable operator under the brand name INCableNet.

Hinduja Finance Corp. reports a net profit of Rs 71.8 m

(Jan 20, 2000)

Its positive income from operations and lower interest expenditure, depreciation and provisions for non-performing loans have driven it to report a net profit.

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