Bangalore-based BPL Innovision is in the fray to take a marginal equity stake in Indiaserver.com Inc of America which is currently promoting the B2C portal indiaserver.com, industry sources said.

Rabo India is the advisor to the company's future business and fund raising plans in the country. However, no official confirmation is available from the firm regarding its valuation. Industry sources say that BPL Innovision, which is unveiling its Internet access services shortly, has already made investments in indiamarkets.com, a B2B portal company based in Bangalore.

The acquisition of marginal equity stakes in portal and content providers forms the company's expansion plans in India. As compared to the leading Websites in the country - indiainfo, rediff.com, indiaworld - indiaserver.com, which is yet to kick off its advertisement campaign in the Indian marketplace, has received a good valuation. This will help the company pursue its acquisition plans as well, sources said here on Wednesday. Indiaserver.com is in the process of setting up its technology and content development centre in India. It is also planning to set up a wholly-owned outfit in the country.

Indiaserver.com is said to be the leading community site with a page views of 15 million per month. Tribeca Internet Initiatives Inc, which currently owns indiaserver.com, will spin off indiaserver.com to its shareholders and a new firm called Indiaserver.com Inc will be formed.