Ex-Emap Boss Joins Indian Media Investment Flotation

20 March 2007

LONDON: Hopeful of making a killing in India's burgeoning media and entertainment sector, three high profile British media executives will this week seek a listing on the Alternative Investment Market for their new investment fund, India Media.

Sir David Arculus, former managing director of Emap and, more recently, chairman of cellphone network O2, has joined the chairman of Johnston Press Roger Parry and quondam News Corporation executive Andrew Carnegie to launch the new company.

The trio hope to raise a minimum of $150 million (€112.72m; £77.23m) to invest in small, entrepreneurial companies in India's fast-growing media and entertainment sectors. The fourth member of the entrepreneurial quartet is Indian film and TV businessman Ronnie Screwvala.

Data sourced from Financial Times; additional content by WARC staff