Sony Pictures Networks India (SPN) and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries for USD 385 million.
Enterprise Value/ Sales: 4X
In August 2016, Sony Pictures Networks India (SPN) announced that it will acquire Ten Sports for INR 26,000 million (USD 385 million) from Subhash Chandra-run Zee Entertainment Enterprises (ZEE). The sports business is held by Zee under the wholly-owned subsidiaries viz. Taj TV Ltd, and Taj Television India Pvt. Ltd.
The transaction is expected to be completed by the end of FY17. ZEE had bought Ten Sports from Dubai-based Abdul Rahman Bukhatir’s Taj Group in 2006.
Back in the 90’s, a birthday party meant children would gulp down their favourite soda, a glassful of Coke or Pepsi! Aah! Visitors coming home or an impromptu celebration meant a quick run to the friendly neighbourhood store for the familiar PET bottles filled with fizzy happiness!
Transitioning from Auto Components to Aerospace Manufacturing: Opportunities and Challenges
by Ketan Salhotra Published: 4th October 2016
The history of the Indian auto component industry can be traced from the early 1980s onwards. The foundation of the industry was laid when early starters like Motherson Group, JBM Group, Amtek Group and Sona Group began supplying auto parts to Maruti Suzuki which was planning to launch the iconic “Maruti 800” at that time.
The Indian pharmacy market is in the midst of exciting times. While on one hand, online pharmacy is fast catching fancy of the investor, on the other hand, it is facing resistance from brick and mortar retailers demanding a ban on online sale of medicines. The Government is yet to come out with a regulatory regime for online pharmacies.