Zee Entertainment | The merger between Zee Entertainment and Sony Pictures Networks India (SPNI) will take at least 8 months to close. The two over the top (OTT) platforms ZEE5 and SonyLIV will continue to run their businesses independently.
Adani Enterprises | Billionaire Gautam Adani is mulling to raise around $1 billion via a bond sale in January next year to refinance debt of Mumbai’s international airport, Bloomberg reported on December 22.
PSP Projects | Gujarat Pollution Control Board has granted a Consent to Establish (NOC) for setting up of industrial plant for manufacturing of precast, and the company has started manufacturing activities.
Ceinsys Tech | The company announced acquisition of Allygrow Technologies, a technology driven company having presence in US, Europe and India and specializing in product design and robotics automation (manufacturing engineering) services.
Great Eastern Shipping | The company will meet on December 27 to consider a proposal for buy-back of equity shares.
Kotak Mahindra Bank | Subsidiary Kotak Mahindra Prime acquired passenger vehicle financing portfolio of Ford Credit India, the Indian captive financing arm of Ford Motor company.
Indiabulls Real Estate | The company approved raising of funds up to Rs 1,500 crore to augment the long-term resources and to maintain sufficient liquidity for meeting funding requirements for business activities, existing & new projects & future business growth.
Vivanta Industries | The company has received a Letter of Intent from Vitaanova Healthcare Uganda, for execution of a pharmaceutical project for manufacturing tablets, capsules and oral liquids on a turnkey basis including planning, designing, engineering, construction, supply, installation and commissioning of plant and machinery along with obtaining WHO approval. The entire project with an aggregate value of $5.9 million is to be completed within a period of 18 months from the date of signing the contract.