MUMBAI, MARCH 6: Hinduja Group and Thakrals have picked up a stake in the Internet Service Provider (ISP) Pacific Internet's Indian venture. While the Hinduja Group and Pacific Internet hold 37 per cent each, Thakral Group will have the remaining 26 per cent of the company. The partners propose to provide broadband Internet access and data services in India.Thakral Brothers of Thakral Group of Companies and In2Cable.Com, a subsidiary of Hinduja Finance Corp Ltd signed a heads of agreement (HoA) with Pacific Internet. The agreement, which is being finalised, will give Pacific Internet India exclusive use of Hinduja's extensive cable network. It will also provide the joint venture company access to Hinduja group's fibre infrastructure, IT services, local content as well as sales distribution.
Hinduja Group owns cable TV company IndusInd Media and Communications Ltd which has 4 million direct and indirect subscribers through affiliates. Thakral Group has presence in consumer electronics, distribution of IT hardware and software development.
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