Zee Entertainment Enterprises (ZEE) said that the board of directors of the company has approved the acquisition of film production and distribution business as a going concern, on a slump sale basis from Zee Studios (formerly known as Essel Vision Productions), a wholly owned subsidiary of the company, for a cash consideration. Also the board of directors of the company considered and approved the transfer of the Digital Publishing Business Division of the company to Rapidcube Tecbnologies through a Business Transfer Agreement.
BPCL said its board of directors has accorded its 'in principle' approval for merger of Bharat Gas Resources (a wholly owned subsidiary of BPCL) with BPCL. BGRL is engaged in the business of Natural Gas.