Lenskart Solutions is set to witness a significant stake sale as Abu Dhabi Investment Authority-owned Platinum Jasmine is likely to sell a 2.3 percent stake in the company with a floor price of ₹486 per share and a block deal size of ₹1,944 crore. According to reports from CNBC-TV18, Platinum Jasmine A 2018 Trust held a 12.08 percent stake in Lenskart as of March 2026. This follows recent developments where SoftBank sold shares worth ₹2,873 crore in the company, highlighting continued institutional interest in the eyewear retailer. Meanwhile, Meesho experienced substantial bulk deal activity with FID FDI 2117 LLC selling 2.59 crore shares for ₹428.21 crore at ₹165.18 per share, while FID FDI 312 LLC offloaded 3.38 crore shares for ₹559.93 crore at ₹165.21 per share, representing a combined 1.31 percent stake worth ₹988.1 crore. Zomato is set to witness Japan's SoftBank Group Corp sell a $135 million stake through a block deal with the floor price set at ₹120.5 per share, marking a significant move as SoftBank plans to fully exit from Zomato following its trend of divesting from Indian startup investments.
PPAP Automotive has entered into a partnership agreement with Hutchinson to manufacture advanced body sealing systems in India for the passenger vehicle segment, providing access to Hutchinson's technology, licensed know-how, engineering expertise, and technical support. Power Grid Corporation of India has approved the upgradation of SCADA and associated systems of NTAMC/RTAMC at an estimated cost of ₹485.04 crore, while also approving an unsecured term loan facility of JPY 80 billion from JBIC and participating financial institutions. The company has also appointed Venkata S V as Chief General Manager (Finance & Accounts) and Chief Financial Officer (CFO) effective July 1. Additionally, Reliance Industries subsidiary Reliance 4IR Realty Development has emerged as the successful bidder for the redevelopment of the 101.36-acre Juhu Galli slum cluster in Mumbai's Andheri (West), one of the largest slum cluster redevelopment projects undertaken in Mumbai. Reliance Industries recently provided a deed of guarantee to State Bank of India for a ₹1,750 crore loan to Alok Industries, its joint venture partner, following a similar guarantee to Axis Bank for the same amount, indicating Reliance's continued financial support for its partners.
Tata Consumer Products Ltd expects profitability to steadily improve as newer businesses gain scale, with the company targeting an EBITDA margin of more than 20% over the long term, according to Tata Sons chairman N Chandrasekaran. Zee Entertainment Enterprises has secured a significant contract with a Letter of Intent worth ₹347.43 crore from the Central Public Works Department (CPWD), Guwahati, for the demolition and redevelopment of RBI quarters at Zoo-Narengi Road Colony, Guwahati, Assam. The broadcaster has also approved a plan to raise a minimum of ₹2,300 crore in one or more phases to fund strategic and business initiatives, as reported by The Economic Times. Hindustan Zinc has signed a pact with Sulfozyme Agro India under its Zinc Industrial Park initiative to advance sustainable metal recovery, with Sulfozyme Agro setting up operations to process zinc-based materials into value-added products for industrial applications. IIFL Finance has announced plans for ₹600 crore NCD fundraising, while CleanMax Enviro Energy has partnered with Meta for 900 MW renewable capacity development.
Several institutional investors made significant moves in the market. T Rowe Price International Discovery Fund purchased an additional 24.62 lakh shares (0.76 percent stake) in Sapphire Foods for ₹44.3 crore at ₹179.97 per share, while the Government of Singapore sold 21.8 lakh shares (0.67 percent stake) for ₹39.35 crore at ₹180.46 per share. Goldman Sachs Funds purchased 19.41 lakh shares (0.88 percent stake) in Sapphire Foods at ₹256.64 per share valuing the transaction at ₹49.81 crore. In the Roadstar Infra Investment Trust segment, WhiteOak Capital RIET & InvIT Alternates Fund I purchased 42.5 lakh units for ₹24.43 crore while DSP Mutual Fund sold 25.5 lakh units for ₹14.66 crore at ₹57.5 per unit. REC is set to attract attention after receiving approval for its merger with Power Finance Corporation, while Inox Wind Energy gained regulatory clearance for its merger with Inox Wind. Bharti Airtel announced plans to add 2,900+ new 5G sites in North India, and IndiGo has announced plans to launch direct flights from Mumbai to Almaty, Tashkent, and Tbilisi between July and August as part of its strategy to strengthen international connectivity in Central Asia.
