Bharti Airtel’s board has approved a cashless ₹28,220 crore share-swap with ICIL, a Mittal family entity, to raise Airtel Africa’s stake to 79%. By avoiding cash outflow, the deal preserves Airtel’s liquidity, increases ICIL’s holding in Bharti Airtel, and is expected to be accretive to earnings per share.
R Mukundan, CEO of Tata Chemicals, has taken over as President of the Confederation of Indian Industry (CII) for 2026-27, succeeding Rajiv Memani. The leadership line-up for the term also names Suchitra K Ella of Bharat Biotech International as president-designate and Shashwat Goenka of RP-Sanjiv Goenka Group as vice-president, signalling fresh priorities for the industry body.
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Avi Polymers has approved acquiring a 90% stake in JVTR Consultants Pvt Ltd for Rs 500 crore through a share swap. The deal is meant to help Avi Polymers move deeper into technology and digital services, including IT services and software development. Management says it supports a more diversified, future-focused business strategy.
Waaree Renewable Technologies plans to acquire a 55 percent stake in Associated Power Structures for Rs 1,225 crore. Once completed, Associated Power Structures will become a subsidiary of Waaree by June 15, 2026. The sizable investment signals an aggressive push to consolidate position and accelerate expansion in India’s renewable energy space.
Vedanta Ltd shares plunged more than 63% to around ₹289.50 after a company-mandated special price discovery session tied to its historic five-way vertical demerger. Although the price action appears like a heavy loss from the previous close of ₹773.60, the move largely reflects the stock turning ex-demerger and resetting how value is quoted post-split.
Citius TransNet Investment Trust units made a solid market debut at a 4.5% premium, listing at Rs 104.50 versus the Rs 100 issue price. The Rs 1,105 crore fresh issue attracted strong demand with a 10.42x subscription. The InvIT oversees over 3,400 lane-km of road assets, supported by stable toll and annuity revenue streams.
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Analysts say Noida International Airport’s opening won’t significantly dent GMR’s Delhi airport business. They expect only a modest passenger reshuffle, mostly within domestic traffic. Key international volumes and high-yield revenue for Delhi are projected to hold up, and Noida could even support future capacity management. GMR Airports’ stock may benefit from the tempered impact view.
Wipro has struck a $71 million acquisition deal to take over key client contracts and related employees from Alpha Net Group. Beyond the upfront value, the transaction includes deferred earnout-linked payments tied to meeting performance conditions. The company expects to complete the deal by June 30, 2026.
Indian Hotels Company (IHCL), the Tata Group firm, has completed its purchase of a 51% stake in Brij Hospitality for about Rs 222 crore. Through IHCL and its step-down subsidiaries, the transaction includes buying shares from existing shareholders and making a primary investment, bringing Brij Hospitality under IHCL as a subsidiary and strengthening its growth plan.
Halder Venture has made its NSE debut through a direct listing, following corporate restructuring and an acquisition. The move boosts the company’s visibility in capital markets and is expected to support faster growth while enabling a broader push into global expansion. Investors will now watch how the listing strategy translates into momentum for the company’s next phase.
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Allcargo Global Limited has appointed Vaishnav Shetty as Deputy Managing Director and inducted him as a member of its Board of Directors. The development signals a leadership reshuffle within the company as it looks to strengthen decision-making and execution. The appointment comes as the firm continues navigating its business priorities and growth plans.
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