Madison India Capital, a private equity firm interested in media, communications and business services, has invested around Rs 15 crore in Net4 India, a Noida-based company in IP communication solutions & services space. Net4 India has allotted over 16 lakh equity shares to Madison India Capital HC at Rs 87.76 per share, said the company in a filing to the Bombay Stock Exchange. 

With this share transfer to Madison, Net4 India has diluted 9.2% stake in the company. Net4 India offers domain name registration to the companies on the web, as well as data storage, voice services and internet connectivity. Its major customers include CNBC TV18, Essar, Godrej, Hutch, ITC, L&T, Lufthansa, NIIT, ONGC, Proctor & Gamble, Reliance, Sahara, SBI, Siemens and TCS. It operates seven Internet Data Centers (IDCs) and 15 Network Points of Presence across the country. 

Net 4 India stock was trading at Rs 87.70, down by Rs 0.05 or 0.06% at 2 pm today. The stock hit an intraday high of Rs 88.85 and low of Rs 87. 

Net sales of the company was Rs 160.67 crore in FY 2009 as compared to Rs 135.16 crore a year ago. Net profit was Rs 8.4 crore, against Rs 9.48 crore. 

Madison India Capital's investment ranges from $5 million to $20 million. Its core investment areas include radio and television broadcasting, publishing, marketing services, content and distribution, information services, wireline and wireless telephony and broadband.

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