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MSCI’s August 2025 index rebalancing sees Swiggy, Vishal Mega Mart, Waaree Energies, and Hitachi Energy India added to the Global Standard Index, while Sona BLW and Thermax are dropped. In the Small Cap Index, 15 stocks were added and six removed, reshaping investor focus ahead of the changes effective August 26.
Indian Continent Investment, a promoter entity of Sunil Bharti Mittal, will sell up to 50 million shares or 0.8 per cent equity in Bharti Airtel for an aggregate amount of up to Rs. 9,310 crore ($1.1 billion), according to a term-sheet viewed by businessline. The transaction will be through a block deal on Friday, and the offer floor price is Rs. 1,862 per share, a 3.15 per cent discount to the stock’s closing price on Thursday. Jefferies and JP Morgan are the joint placement agents. The Indian Continent held a 2.47 per cent stake in Airtel at the end of June, according to stock exchange data. The promoter group holds a stake of just over 51 per cent in the telecom operator.
MapmyIndia has acquired a strategic stake in quick commerce firm Zepto at a pre-money valuation of $5.8 billion. Pre-money valuation refers to the estimated valuation of an enterprise before it receives funds from investors. According to a regulatory filing by CE Info Systems, the owner of MapmyIndia, the company intends to invest approximately Rs 25 crore by subscribing to 75,18,797 compulsorily convertible preference shares (CCPS) on a fully diluted basis, with a face value of Rs 5 each, at an issue price of Rs 33.25 per CCPS.
The Reserve Bank granted ‘in-principle’ approval to AU Small Finance Bank for its transition into a universal bank on Thursday. After getting the SFB licence in 2015, AU Financiers commenced its journey as a small finance bank in April 2017. With the RBI notification, AU becomes the first Small Finance Bank in India to receive this in-principle approval to become a universal bank.
Zydus Lifesciences has received a no-objection certificate (NOC) from Health Canada for a product used to help quit smoking. The company has received NOC for ZDS-Varenicline tablets (0.5 &1 mg), Zydus Lifesciences said in a statement. Varenicline is used as an aid in smoking cessation. It is a partial nicotinic acetylcholine receptor agonist, designed to partially activate this system while displacing nicotine at its sites of action in the brain.
Swiggy, Vishal Mega Mart, Waaree Energies, and Hitachi Energy India have been added to the MSCI Global Standard Index as part of its August 2025 rebalancing. The changes will take effect after market close on August 26, the index major said in a notice. Sona BLW Precision and Thermax have been removed.
In the MSCI India Small Cap Index, 15 stocks — including Belrise Industries, Brainbees Solutions, Capri Global Capital, CSB Bank, India Glycols, Inventurus Knowledge, Lloyds Enterprises, Lumax Auto Technologies, Nexus Select Trust, Privi Speciality Chem, Sona BLW Precision, Thermax, Transrail Lighting, Yatharth Hospital Trauma, and Zinka Logistics — have been added.
Six stocks — Bharat Dynamics, Easy Trip Planners, Hikal, Jain Irrigation Systems, MSTC, and Protean eGov Tech — have been removed.
Indian Hotels Company (IHCL) has unveiled Bangaram Island and Coral Pearl, two exquisite IHCL SeleQtions resorts nestled in the serene Lakshadweep archipelago. Surrounded by crystal-clear waters and soft white sands, the 60-key Bangaram Island resort invites to experience eco-friendly stays just steps from the Arabian Sea. Guests can savour exquisite coastal cuisine, including global favourites and regional Lakshadweep specialities, crafted with the freshest local ingredients..
The board of Kilburn Engineering has approved a capital expenditure plan of approximately Rs 30 crore for capacity addition and improving cost efficiency at the company’s manufacturing facility located in Saravali, Bhiwandi, Maharashtra. The proposed capacity is to be added by March 2026. This capacity expansion will meet the growing demand for captive orders.
Time Technoplast has signed a Memorandum of Understanding (MoU) with Drone Stark Technologies to develop hydrogen-powered drones using composite hydrogen cylinders and fuel cell technology. The agreement is initially for three years and is extendable by mutual consent. The collaboration focuses on joint research, design, and testing of hydrogen-powered drones with an emphasis on performance metrics such as flight endurance, altitude, and energy efficiency. By integrating advanced hydrogen storage solutions with Unmanned Aerial Vehicle (UAV) platforms, the alliance seeks to set new benchmarks for operational range and sustainability.
The board of Protean eGov Technologies has approved an additional investment of up to Rs 19 crore in its wholly owned subsidiary (WOS) ‘Protean International DMCC’, Dubai, UAE.
Published on August 8, 2025
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