Paytm block trade, Airtel chairman change lead stock news

Resilient Asset Management plans to sell up to 4.98% stake in Paytm parent One 97 Communications via a block trade at a floor price of Rs 1,535.10 per share. The base offer of 19.2 million shares is valued at about Rs 2,949 crore, with an option to upsize. Separately, Sunil Bharti Mittal will step down as Non-Executive Chairman of Airtel Payments Bank on October 1, 2026, succeeded by Independent Director Shabnam Sinha, pending RBI approval.

Other corporate developments include: Netweb Technologies and SPR Auto Technologies launching QIPs, GMR Airports starting operations at Alluri Sitarama Raju International Airport, Gulshan Polyols getting an additional ethanol allocation worth about Rs 146.66 crore, CG Power acquiring Tosil Systems for Rs 16.44 crore, Lenskart setting up a Chinese step-down subsidiary for optical products, Reliance Jio planning to relaunch its Prime membership plan amid rival Airtel removing low-priced unlimited plans, and Manipal Health Enterprises acquiring Kinder Women's Hospital in Bengaluru for Rs 130 crore.

Nelco, a Tata Group firm, has invested $20 million in US-based Lunar Holdco for satellite connectivity services. Gujarat Cotex announced diversification into edible oils and infrastructure. Highway Infrastructure received an NHAI letter of acceptance worth Rs 80.17 crore for toll plaza operations in Tamil Nadu.