TOP CORPORATE NEWS - 09 MAR 2016

Zee Entertainment expands third-party ad sales unit to APAC

ZEEL has launched a new ad-sales division, ATL Media, in the Asia Pacific region. The new division will handle ad-sales for varied Indian and South Asian media businesses in the region.

ATL Media APAC, the new division will work with both mainstream and retail clients targeting the South Asian population in key markets.

Crompton sells international T&D business for Euro 115 million

Crompton Greaves has sold its international T&D business for an EV of Euro 115 million – Positive for Crompton Greaves

The value that could be realized from the deal could be around Rs800 crore, which would be read positively by the street as during the last call, call off of the last ongoing deal was negative.

Maruti Suzuki launches compact SUV Vitara Brezza

Country's largest carmaker Maruti Suzuki India has launched its much awaited model ' Vitara Brezza' at an introductory price range of Rs6.99 lakh and Rs9.68 lakh (ex-showroom Delhi), kicking off a price war in the compact SUV segment.

Godrej Consumer acquires 39% stake in DGP phase II

Godrej Consumer Products – acquires 39% stake in DGP phase II Mauritius in Kenya – in-line with its long term growth strategy

Godrej Consumer Products (GCPL) acquired additional equity stake of 39% in DGH phase two Mauritius (increased stake to 90%; owning style industries) in Kenya. The consideration is payable in Cash.

HDFC in talks to acquire L&T General Insurance

As per media reports HDFC is in talks to acquire L&T General Insurance whereby the preliminary work has started and it may take four months to seal the deal.

This is positive read thru for HDFC.

                                       

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