| Digicable
Network has got approval from the foreign
investment promotion board (FIPB) for Rs 410
million. The company plans to start operations
in 3-4 months.
"We
plan to pump in Rs 4.5 billion in the first
year. The total project cost is Rs 10 billion
which will be invested in phases over three
years," says Kohli who will be the
managing director and chief executive of
the company.
Ashmore Investment Management Ltd is a private
equity firm which manages a $30 billion
fund.
A
doyen in the cable TV industry, Kohli was
instrumental in growing Hinduja-owned Incablenet
along with Shah, Yogesh Radhakrishnan and
the late Ram Punjabi. Later he and his partners
set up Win Cable which is owned by Hathway
Cable & Datacom.
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