Roger Parry, the media executive who tried to mount a bid for ITV last year, is planning to launch a fund to invest in India’s media and entertainment sectors, promising rare exposure to the entrepreneurial companies in the country’s rapidly evolving media markets.  The India Media Fund is expected to announce plans for a $150m-$200m fundraising on Aim as early as this week, having already identified 14 possible investments ranging from television channels to newspapers. Mr Parry, the chairman of Johnston Press and Future, the magazine group, will chair the company, whose investments will be managed by two founders, Andrew Carnegie and Ronnie Screwvala. IMF is advised by Dresdner Kleinwort. Mr Carnegie, a former SG Warburg investment banker, is a veteran of Rupert Murdoch’s News Corporation. Mr Screwvala is the chairman of UTV, the Mumbai-based film and TV production company. Both executives will sit on the boards of each company in which the fund invests.

This entry was posted by Helen Thomas on Monday, March 12th, 2007 at 5:06 and is filed under People, Private equity. Tagged with india, roger parry. Edit this entry.