Sony Pictures Networks India (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) announced that they have entered into an exclusive, non-binding term sheet to combine both companies’ linear networks, digital assets, production operations and program libraries.
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BSE Sensex went up by 2.74% to close at 59,126 in September 2021. Nifty 50 closed at 17,618 higher by 2.84% from 17,132 in August closing. Sensex hit the 60,000 mark for time on 24th September 2021 and reached its lifetime high of 60,244.65. The reasons for bullishness are good economic recovery post 2nd Covid-19 wave, positive global cues, strong inflows by FIIs, surplus liquidity in the system, low interest rates and good results by corporates.
Postman, a Saas Startup, has raised $225 million in a funding round led by Insight Partners (existing investor) at a valuation of US $5.6 Billion.
Adani Road Transport Limited (‘ARTL’), a wholly-owned subsidiary of Adani Enterprises Limited, has signed a definitive agreement with Sadbhav Infrastructure Project Limited (‘SIPL’) for acquisition of Maharashtra Border Check Post Network Limited (‘MBCPNL’).
BSE Sensex went up by 0.20% to close at 52,587 in July 2021. Controversial IPO of Zomato came and was very successful.
Japanese Bank Sumitomo Mitsui will acquire a 74.9% stake in Fullerton India Credit Company Limited and eventually aquire 100% stake of FICC.
The Flipkart Group, India’s homegrown consumer internet ecosystem, announced that it has raised US $3.6 billion in funding. The investment values the Group at US $37.6 billion post-money.
Government has come up with 2nd relief package of Rs. 6.29 Crore for sectors hit by 2nd Covid wave. Package includes Rs. 23,200 crore to strengthen health infrastructure. Allocation to credit guarantee scheme has been increased to Rs. 4.5 lakh Crore from Rs. 3 lakh Crore.
BSE Sensex went up by 1.74% to close at 52,843 in June 2021. Nifty 50 closed at 15,722 higher by 0.89% from 15,583 in May closing.
KKR, a global investment firm, and Vini Cosmetics, a branded personal care and beauty products company in India, announced that Company’s Founder Group – led by Darshan Patel, Chairman & Joint-Managing Director, and Dipam Patel, Joint-Managing Director – and Sequoia Capital will sell a majority stake in the Company to KKR for approximately US$625 million (INR 46 billion).