Home » India » Bullish James Murdoch sets up first Mumbai office

Bullish James Murdoch sets up first Mumbai office

Mar 19, 2019 | Emerging Trends, India

James Murdoch , younger son of media mogul Rupert Murdoch , has set up the first office outside the US for his new investment firm, Lupa Systems, in Mumbai. It will be led by his former associate Nitin Kukreja, who said, “James has always been bullish on India. It’s a reaffirmation of this fact that the first office outside New York will be here.”

“It (investment fund) will be a bit diversified for sure. It’s more about the themes that are playing up today,” Kukreja said. “It is early days to say what the size of the team would be. It will be a function of the opportunities that we come across. It will be in themes, where there is an interesting interplay of content and technology going on.”

However, he did not want to reveal the size of the investment corpus. James Murdoch and his siblings, reports suggest, are expected to receive close to $2 billion each from the proceeds of the sale of Fox stock, which the former is expected to invest in his family office. The younger Murdoch and his siblings are beneficiaries of a Trust that owns the 21st Century Fox stock, which the Murdochs divested in favour of Walt Disney & Co in a transaction valued close to $72 billion.

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.


Kukreja is chief executive of IQuest Enterprises, an investment company with a portfolio across healthcare, hospitality, technology and sports. Before this, Kukreja had a 10-year stint at Star India, where his last role was as chief executive of Star Sports. “I have interacted with him (Murdoch) a fair bit during that time,” he said.

“He (James Murdoch) was fairly involved with Star. He oversees that part and the journey that Star has had over the past decade or so. I think that journey is well-known.”

In his earlier role with Star, Kukreja was head of business development, where he was involved with the formulation of a long-term strategy for the company and execution of inorganic growth opportunities.

He laid out the strategic roadmap for Star till 2020 and worked on industry-defining acquisitions of Asianet and ESPN-Star Sports.

Article Source : economictimes

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*

 

Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

Naspers Is Said to Eye Fintech Deals in $1 Billion India Push

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. According to a report in Bloomberg, citing people familiar with the matter, Naspers is looking...

Spain’s Puig makes India entry with investment

Spanish fashion and fragrance company Puig SL has marked its entry into India by picking a minority stake in private equity-backed Kama Ayurveda Pvt. Ltd. Puig will infuse Rs 100 crore ($14.4 million at current exchange rate) as part of the transaction and will have...

Matrix, Sauce VC back &Me with $1 million round

Matrix partners and Sauce VC have teamed up to invest $1 million in &Me, a food and beverage brand founded by Stanford business school alumnus Ankur Goyal. The investors have subscribed to new shares in &Me’s parent company Merhaki Foods and Nutrition, RoC...

UP TO 15% PER YEAR FIXED RETURN

 

Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.