Corporate Moves: Hero MotoCorp, D-Mart, M&M, and JSW Infra Make Headlines

BNP Paribas acquired a 0.97% stake in Hero MotoCorp for ₹1,035 crore, signaling strong institutional confidence in the two-wheeler giant. The transaction, executed at ₹5,302.91 per share, underscores foreign investors' appetite for Indian automotive equities.

Avenue Supermarts raised ₹100 crore via commercial paper issuance, reflecting robust liquidity management. The 91-day instrument carries a 6% coupon and ICRA's highest short-term rating, highlighting D-Mart's creditworthiness despite retail sector headwinds.

Mahindra & Mahindra divested its Finnish subsidiary SAMPO for €5 million, continuing its portfolio optimization strategy. The deal, slated for October completion, demonstrates M&M's focus on Core automotive operations.

JSW Infrastructure's subsidiary faces a ₹96.58 crore GST notice, potentially complicating the conglomerate's logistics expansion plans. The tax dispute emerges as infrastructure players navigate India's evolving regulatory landscape.