New Delhi, March 15 (PTI): The INX group on Wednesday announced plans to launch a full bouquet of entertainment and news channels, spread over a two years time-frame.

INX Group chairperson Indrani Mukerjea said three channels - a Hindi entertainment channel, an English news channel and a music channel - will be launched toward the last quarter of this year.

Other channels, which include regional language entertainment channels and city specific channels, will be rolled out over the next two years.

Columnist Vir Sanghvi will be CEO and the editorial head of the INX News, while his association with HT Media will continue and his columns will continue to appear in the Hindustan Times and Mint, the INX Group said in a release.

The entertainment company INX Media has been financed by some of the world's leading investors, including Asia investment firm Temasek Holdings via Dunearn Investments, New Silk Route, New Vernon, Kotak and SREI Group.

The news company, INX News Private Limited, will be 26 per cent owned by the entertainment company and, in accordance with the Indian government regulations, by a single Indian entity drawn from the INX Group, the release said.

Mukerjea also dismissed speculations that Ambanis or Lachlan Murdoch were investing in this venture.

"Neither the Ambanis nor any member of Murdoch family or any of their companies have any investment in the form of either equity, or debt," Mukerjea said.