INX Media in talks to raise up to $150 million

The broadcaster of general entertainment channel 9X and music channel 9XM, INX Media Pvt. Ltd is in talks with potential investors to raise $100-150 million (Rs437-635.5 crore) in a second round of funding to finance expansion plans.

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INX Media, which also broadcasts English news channel NewsX through subsidiary INX News Pvt. Ltd, had raised $170 million in the first round of funding completed in February 2007.