Shares of Zee Entertainment Enterprises Limited (ZEEL) extended its previous day decline in morning trade on Friday, falling over 5 per cent, after the National Company Law Tribunal admitted an IndusInd Bank plea for insolvency proceedings against the media firm. The stock declined 4.60 per cent to Rs 189.60 on the BSE. At the NSE, […]
Mahanagar Gas (MGL) has announced its first inorganic acquisition in the CGD space, Unison Enviro (UEPL), from the latter’s erstwhile promoters Ashoka Buildcon and North Haven India Infra (a Morgan Stanley affiliate). MGL has acquired 100% stake in the fledgling city gas distribution (CGD) player and has stated UEPL equity value at Rs 5.3 bn, […]
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