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Nimbus to spread its tentacles
Nimbus Communications is
on an expansion spree and has set aside RS 2 billion for
this purpose. As part of the expansion plan Nimbus will
be airing two satellite channels, will launch a set of portals
is a JV with IDBI and will be launching new TV software
production facilities. To fund all these projects Nimbus
would be coming out with an IPO of 30% of its equity.
One of the channels would be called Showbiz TV. The channel,
as one can guess form the name, would primarily be an entertainment
channel. The channel would focus on news relating to films,
stars, events and general entertainment. The second channel
is likely to be a channel devoted exclusively to women audience.
The two portals which the company is planning to set in
a joint venture with IDBI would be focusing on entertainment
and e-commerce. The brandname given to this venture is nirvanazone.com.
In addition to the new ventures the company would also be
spending RS 900 million to expand its current operations
like software production, media marketing and airtime sales.
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