Archive · 7 Aug 2025
Antfin to Exit Eternal; Defense, Financial, and Industrial Developments
Today's market news includes several major developments.
Antfin, backed by Alibaba, plans to sell a large chunk of shares in Eternal, the parent company of Zomato.
Paras Defence is teaming up with a German company for defense and space projects in India.
Bharat Forge is transferring its defense business to its subsidiary.
Lokesh Machines received a large order from the Indian Army.
Also, JioBlackRock Mutual Fund is launching a new investment scheme.
Antfin to sell 18.84 crore shares of Eternal (formerly Zomato) via block deal.
Paras Defence signed a Teaming Agreement with HPS GmbH, Germany, for defense and space projects.
Bharat Forge entered a Business Transfer Agreement with subsidiary KSSL for its Defence Business.
Lokesh Machines secured a ₹17.68 crore order from the Ministry of Defence (Army).
JioBlackRock Mutual Fund to launch an open-ended dynamic equity scheme.
- Who
- Antfin, Paras Defence, Bharat Forge, Lokesh Machines, JioBlackRock Mutual Fund, and GAIL (India).
- What
- Several companies are involved in significant deals and agreements.
- When
- Announcements made on August 7, 2025.
- Where
- Deals and agreements span across various locations, including India and Germany.
- Why
- Details not provided in the articles.
Investor Perspective
Company Perspective
Business Activities
Investor Perspective
Antfin selling shares.
Company Perspective
Bharat Forge and KSSL in agreement.
- Company
- Eternal (Zomato parent)
- Seller
- Antfin Singapore Holding
- Shares Sold
- 18.84 crore
- Floor Price
- ₹285 per share
- Bharat Forge Deal Value
- ₹453 crore
- Lokesh Machines Order Value
- ₹17.68 crore
- JioBlackRock Fund NFO Price
- ₹10
- Hinduja Group Contract Value
- ₹113.74 crore
