The Hinduja Group is considering the option of an initial public offering for its media and e-commerce ventures, according to Ramkrishan P Hinduja, co-chairman, Hinduja TMT. The companies which were prime candidates for the float were IN Network Entertainment and Shop24Seven.
The former is into film content, and financing, production, acquisition and distribution of movie rights, while the latter, which is an interactive e-commerce initiative, is a joint venture with Planet E Shop Inc of the US. However, Hinduja refused to divulge the modalities and said