The sale at a 2.9% discount hit Paytm shares hard, while Manipal Health's cash buy of a Bengaluru hospital signals consolidation in the fertility chain space.
Resilient Asset Management B.V. is selling down its stake in One 97 Communications, the company that owns Paytm, through a block trade that could raise roughly ₹4,895 crore. The floor price of ₹1,535.10 per share is a 2.9% discount to Monday's NSE close of ₹1,580.20.
The Dutch investor plans to sell up to 4.98% of its 10.20% holding. The base offer covers 19.2 million shares, or 3% of the company, worth about ₹2,949 crore. An upsized tranche would add 12.7 million shares – another 1.98% – valued at ₹1,946 crore.
The stock fell 4.8% to ₹1,504 by late afternoon trade.
Manipal Health Enterprises Ltd agreed to buy Kinder Women's Hospital and Fertility Centre in Bengaluru for ₹130 crore in cash. The deal is structured as a Business Transfer Agreement, meaning Manipal is acquiring operations and assets directly from Kindorama Healthcare Private Ltd, not buying the company's shares.
Bharti Airtel told exchanges that Sunil Bharti Mittal will step down as Non-Executive Chairman of Airtel Payments Bank on October 1, 2026, after a decade in the role. Independent Director Shabnam Sinha will succeed him for a three-year term, subject to RBI approval.
Reliance Jio plans to relaunch its 10-year-old Prime membership plan, offering customers no tariff changes for one year, company sources said. The move follows Bharti Airtel's removal of lower-priced unlimited plans last week. Jio is also enhancing its ₹299 plan to 1.5 GB of daily data, targeting former Airtel customers.
Nelco, the Tata Group satellite communications firm, is investing $20 million in Lunar Holdco Inc., a U.S.-based company operating as Elveo Mobile. The investment comes through Compulsorily Convertible Debentures carrying a 7% annual compounded return. Nelco plans to offer Direct-to-Device and IoT satellite connectivity in India and South Asia.
GMR Airports' subsidiary GMR Visakhapatnam International Airport has started operations at Alluri Sitarama Raju International Airport in Andhra Pradesh.
Gulshan Polyols received an additional ethanol allocation of 20,740 kilolitres for supply to oil marketing companies in Assam and Madhya Pradesh in the fourth quarter of ESY 2025-26. The estimated order value is about ₹146.66 crore.
Netweb Technologies India launched a QIP with a floor price of ₹4,885.90 per share, with up to 5% discount allowed. The final price will be set with book-running lead managers.
SPR Auto Technologies, formerly Shriram Pistons & Rings, also opened a ₹1,000 crore QIP. The indicative price range is ₹4,216.30 to ₹4,436.60 per share.
CG Power's wholly owned semiconductor subsidiary Axiro Semiconductor has agreed to buy Tosil Systems Pvt Ltd for ₹16.44 crore, acquiring 5 lakh equity shares.
Gujarat Cotex Ltd is diversifying into edible oils and infrastructure. The company set up two new divisions – Prabhat Oils and Prabhat Infratech – through a regulatory filing.
Highway Infrastructure Ltd received a Letter of Acceptance from NHAI worth ₹80.17 crore for operating the Palayam Fee Plaza in Tamil Nadu for 90 days. The contract involves fee collection and maintenance of adjacent toilet blocks. Neither the promoter nor group companies hold an interest in NHAI, the company said.
Lenskart established Wenzhou Framekart Trade Co Ltd in China, a step-down subsidiary under its Chinese joint venture Baofeng Framekart Technology. The entity will handle trading, importing, and exporting of spectacle frames and optical products.
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