MUMBAI: Indi Media is a venture co-founded by Vinay Chhajlani, an entrepreneur with interests in IT, new media and regional media, and Jehangir S. Pocha, a senior editor with years of global experience in media and business, who has just resigned as editor of Business world magazine.

The deal is subject to all regulatory approvals.

INX Media Founder & CEO Indrani Mukerjea says, "Having created NewsX as a premier English news channel brand in such a short span of time, I hope the channel would continue to grow from strength to strength and would retain its credibility as it always has."