Murdoch’s are coming back to India. After selling of the Star India assets to the Walt Disney & Co, the younger Murdoch is all set to make its India entry. James Murdoch, the younger son of media baron Rupert Murdoch has decided to set up its investment firm office in Mumbai. Lupa Systems, the investment first of James is setting-up office in Mumbai, the first outside New-York. According to a report published in leading business daily Economic Times, the investment firm’s India operations will be led by Nitin Kukreja, the ex-CEO of Star Sports.
In an interview to ET, Kukreja has confirmed the development. According to Kukreja, “James has always been bullish on India. It is a reaffirmation of this fact that the first office outside New-York will be here in Mumbai.”
Though former Star Sports head Kurkreja refused to reveal the size of the team or the investment corpus planned for India but hinted that they will look for themes, where there is an interesting interplay of content and technology.
Kukreja after completing 10 year stint with Star India joined as CEO for IQuest Enterprises, an investment company with portfolio across healthcare, hospitality, technology and sports.