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Indian Continent Investment, led by Sunil Mittal, plans to sell approximately 0.8% of its stake in Bharti Airtel for over 9,300 crore through a block deal. The sale involves five crore shares at a floor price of 1,862 per share, a 3% discount. This follows a similar stake sale in February, with Bharti Airtel's shares showing significant gains this year.
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News and Media
Tata Sons has initiated early talks with minority shareholder Shapoorji Pallonji (SP) Group to explore potential exit and monetisation options for SPs 18.37% stake, currently pledged with lenders. This follows a resolution by Tata Trusts to retain Tata Sons private status and seek a settlement. Chairman N Chandrasekaran recently met Shapoor Mistry, marking their first formal engagement since 2016.
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News and Media
Indian equity markets rebounded on Thursday, recovering from earlier losses fueled by tariff concerns. Optimism surrounding a potential Trump-Putin meeting spurred hopes for eased US-India trade relations, particularly regarding Russian oil purchases. The NSE Nifty and BSE Sensex both closed marginally higher, driven by short covering and positive momentum indicators, suggesting a possible continuation of the upward trend.
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News and Media
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