| Sources said, in all likelihood Xenitis was likely to approach private equity (PE) firms first. |
| The group may be launching another Bengali TV news channel shortly. |
| Xenitis received a license for a 24-hours new channel from the Centre on October 23 and was working on launch plans. |
| "It is true that we have received the required license from the Centre for launching a 24-hours news channel in Kolkata. We were trying to get the license for a long time but currently it is all at a nebulous stage. There are no final plans. It would be too premature to conclude anything at this stage, but we genuinely have plans for a new venture", Xenitis chairman Santanu Ghosh said. |
| Xenitis recently launched its competitively priced motorcycle brand "Global" and aims to make mobile handsets using its volume production business model. The company also plans to make a Rs 1-lakh small car and was reportedly looking at an offer from Andhra Pradesh for setting up the unit there. |
| Xenitis launched "Kolkata TV" in 2006 and though the channel soon became a market leader, it failed to support the venture after a few months, deciding to pull out to cut its losses. |
| Xenitis was eyeing group turnover of Rs 1000 crore in 2007-08. It claimed profit of Rs 50 crore during 2006-07. |
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