9X, Balaji rubbish ET story

Calling the report in the Economic Times dated September 25  on Balaji Telefilms Ltd buying a stake in 9X "completely untrue and baseless", Indrani Mukerjea (pictured), founder and CEO, INX Media said that "at no point has INX had any conversations with Balaji Telefilms on investments either in or from Balaji Telefilms." A letter to this effect has been sent to Bodhisatva Ganguly of The Economic Times.
 
Simultaneously, Shobha Kapoor, managing director of Balaji Telefilms, has written a letter calling the report baseless and has asked the newspaper for a retraction."The article printed on the front page in today's edition of The Economic Times about Balaji Telefilms buying stake (sic) in 9X Channel is totally baseless," writes Ms Kapoor.