Mahindra & Mahindra Promoter Group to Offload Stake

• A promoter entity is expected to sell a 0.75% stake in the automotive manufacturer through a block deal to raise approximately $215 million.
• This move is intended to provide liquidity for the family of the late former chairman, Keshub Mahindra.

Tata Motors Announces Demerger of Businesses

• The company's board has given in-principle approval to demerge its operations into two separate listed entities, one for commercial vehicles and the other for passenger vehicles.
• The move, aimed at unlocking shareholder value, is subject to regulatory approvals and is expected to take 12-15 months.
• Moody's has affirmed the company's ratings with a positive outlook following the announcement.

Major Block Trades in Zomato Shares

• Morgan Stanley Asia (Singapore) acquired a significant number of equity shares in the food delivery platform.
• Simultaneously, Antfin Singapore Holding, an affiliate of the Ant group, sold a 2.02% stake in the company through open market transactions.

Adani Enterprises Subsidiary Acquires French Duty-Free Operator

• Ospree International FZCO, a step-down subsidiary of Adani Enterprises, has acquired a 100% stake in Le Marché Duty-Free SAS (LMDF) for €5,000.
• This acquisition provides the Adani group with an entry into the duty-free retail space in France.

LIC Increases Holding in its Mutual Fund Arm

• Life Insurance Corporation of India (LIC) has increased its stake in LIC Mutual Fund Asset Management from 40.93% to 44.61%.
• The stake was increased through a private placement.

Infosys Extends Partnership with ATP Tour

• The global IT services and consulting giant has renewed its digital innovation partnership with the ATP Tour for an additional three years, until 2026.
• This collaboration will continue to leverage Infosys' expertise to enhance the digital experience for tennis fans.

Hindustan Aeronautics Signs Revised LCA Contract

• The state-owned aerospace and defense company has signed a revised contract for the Light Combat Aircraft (LCA) Initial Operational Clearance (IOC).
• The value of the contract has been amended upwards from ₹2,700.87 Crore to ₹5,077.95 Crore.

Promoter Sells Stake in Samvardhana Motherson

• Sumitomo Wiring Systems, a promoter of Samvardhana Motherson International, has sold a 4.42% stake in the automotive component manufacturer through open market transactions.
• The total value of the sale was ₹3,633.2 Crore.

Dredging Corporation Signs MoU with BEML

• Dredging Corporation of India has entered into a Memorandum of Understanding with BEML for the indigenous design, development, and manufacturing of dredger spares.
• The collaboration also aims for the joint development of dredger manufacturing.