Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Kubera Cross-Border (KUBC)

  Print      Mail a friend

Wednesday 18 June, 2008

Kubera Cross-Border

Investment in Essel Shyam Com

RNS Number : 9036W
Kubera Cross-Border Fund Limited
18 June 2008

18 June 2008

Kubera Cross-Border Fund Limited 

KUBC to invest up to US $22 million in Essel Shyam Communication Limitedleading media services provider

The Kubera Cross-Border Fund Limited ('KUBC') (LSE: KUBC), an investment company traded on the AIM market of the London Stock Exchange, is pleased to announce that it has entered into a definitive agreement to acquire a significant minority interest in Essel Shyam Communication Limited ('ESCL' or the 'Company') for an investment of up to US$22 million (including the pro rata investment by affiliates of Kubera Partners, LLC, the Investment Manager of KUBC).  The timing of the closing is subject to obtaining regulatory approvals and satisfying other customary closing conditions. The transaction is expected to close by July 2008.

ESCL provides end to end solutions for the media broadcasting and satellite communications industries. As part of its portfolio of services, the Company provides teleporting (both uplinking and downlinking) services, content management, playout and mobile connectivity via DSNG (digital satellite news gathering) vans. In addition, the Company provides project management services for implementing media infrastructure projects (which include setting up of newsrooms, studios and teleports) and setting up VSAT ('Very Small Aperture Terminal') networks. The company's customers include large media businesses in India and other emerging markets. 

The media industry in India is expected to continue its high growth over the next few years with the launch of several new channels. In addition, satellite based communications and VSAT are expected to grow with increased government spending. ESCL is well positioned to capture these opportunities. It is the only company in India with a comprehensive portfolio of services across satellite based communications and broadcasting, and amongst the few in South Asia to have the capability to execute on media infrastructure projects.

ESCL has had an impressive track record of growth with over 35% top line and bottom line annualized growth rates over the last two years. For the financial year ended March 31, 2008, the Company achieved un-audited revenues of approximately US$ 24 million and un-audited EBITDA of US$ 7 million. The company intends to use the funds to expand its teleporting infrastructure to serve its fast growing customer base. The company will also look for meaningful cross border acquisition opportunities. 

The initial $17 million KUBC investment takes the form of a primary investment in compulsorily convertible preferred shares of the Company and a secondary purchase of shares from certain existing shareholders. KUBC will receive two board seats, standard governance rights, and standard economic rights. KUBC ownership of ESCL will be approximately 30% at closing. KUBC will also be issued warrants to invest an additional $5 million in the Company.

Commenting on the new partnership, Lalit Jain, Director of ESCL, said, 'We were looking for a partner that apart from providing capital for growth can work closely with us in building a global business. Kubera's track record and their ability to add value in a cross-border setting was very attractive to us.' Ramanan Raghavendran, Managing Partner at Kubera Partners, LLC said, 'We believe that the media outsourcing business will experience tremendous growth over the coming years in India and in global markets. ESCL has a strong team and long standing customer relationships, allowing it to capitalize on growth opportunities in India as well as globally.'

Kubera Partners, as the investment manager of KUBC, invests in cross-border companies, primarily in businesses that operate in the US-India corridor. Several of KUBC's investee companies also benefit from business activities in the fast growing Indian domestic market.  Kubera Partners brings a strong track record of investing in or managing such businesses.  

For more information contact:

Kubera Partners, LLC (Investment manager of Kubera Cross-Border Fund Limited)

Ramanan Raghavendran, Managing Partner

Tel: +1 (212) 295 2400 

LCF Edmond de Rothschild Securities Limited (Broker)

Hiroshi Funaki

Tel no: +44 (0) 20 7845 5960

Grant Thornton Corporate Finance (Nominated Adviser)

Philip Secrett, Partner

Tel no: +44 (0) 20 7383 5100

This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t