Market Focus: Zomato, Paras Defence, Bharat Forge, and Others in Today’s Trade

Eternal, formerly known as Zomato, is poised for a significant block deal as Alibaba-backed Antfin Singapore Holding Pte Ltd exits its position. The transaction, valued at ₹5,375 crore, involves the sale of 18.84 crore shares at a floor price of ₹285 per share. This MOVE underscores the dynamic shifts in ownership within India's tech-driven delivery sector.

Paras Defence and Space Technologies has forged a strategic partnership with Germany's HPS GmbH, aiming to collaborate on Defence & Space projects in the Indian region. HPS brings expertise in deployable antenna reflectors and lightweight structures, signaling a push for advanced technological integration in India's defense infrastructure.

Bharat Forge has finalized a ₹453 crore Business Transfer Agreement with its subsidiary KSSL, transferring assets and obligations tied to its Defence Business. The deal, executed on an itemised sale basis, reflects the company's strategic realignment to sharpen its focus on defense manufacturing.