UK-based Prudential plans to sell up to 98.85 lakh shares, or 2% of ICICI Prudential AMC, via the open market on Aug. 27. If fully completed, promoter and promoter group ownership will fall to 85.60% from 87.60%. ICICI Bank, the other promoter, said it will not buy shares of the asset manager from the open market on Aug. 27. The stock fell 1.90% on Wednesday to close at Rs 3,223.60.

Paytm parent One 97 Communications said shareholder Resilient Asset Management BV plans to sell up to a 4.98% stake through a block deal at a price about 3% below the market. The stake traces back to Resilient’s August 2023 purchase of a 10.20% holding from Antfin, though the economic interest remained with Antfin. Under the arrangement, One 97 said the economic value from the proposed sale will be retained by Antfin.

Cupid Ltd Chairman and Managing Director Aditya Kumar Halwasiya bought about 13.96 lakh shares on the open market, lifting his holding. The company also raised its FY27 revenue guidance to Rs 725 crore–Rs 750 crore and net profit guidance to Rs 210 crore–Rs 225 crore, citing a strong first-quarter performance in its international B2B healthcare and Consumer Healthcare & FMCG businesses. The update reflects stronger execution, improving order visibility and sustained demand across core segments, according to Halwasiya’s comments.

The London Metal Exchange’s (LME) front-month copper spread jumped to a $370-per-tonne premium on August 14, while the cash-to-three-month spread reached $434 per tonne, the highest levels since the 2021 supply squeeze. LME copper inventories have fallen for 42 consecutive days, the longest uninterrupted decline since 2014. The continued drawdown is adding to signs that the spot market is extremely tight.

State-owned defence manufacturer Bharat Dynamics reported results for Q1 of FY2025, with net profit surging nearly sixfold year-on-year to Rs 118.79 crore. Revenue rose 131% to Rs 572.24 crore, while EBITDA climbed 283% to Rs 50 crore. The stock gained 3.45% on the day, lifting the company’s market capitalisation to Rs 51,172 crore.

Solar Industries reported a 93% year-on-year rise in Q1 net profit to Rs 653 crore, beating the Bloomberg Consensus estimate of Rs 519 crore. Revenue increased 71% to Rs 3,670 crore, ahead of the Rs 2,995 crore estimate. EBITDA climbed 82% to Rs 1,024 crore and margin widened 290 basis points to 27.7%, pointing to stronger operating leverage across segments. After the results, Nuvama lifted its target price to Rs 23,435 from Rs 20,000, implying over 15% upside, and kept a buy rating.

Vodafone Idea reported a June-quarter net loss of Rs 3,754 crore, narrowing from Rs 6,608 crore a year earlier, while consolidated Ebitda rose 9.1% year on year to Rs 5,034 crore and ARPU increased 10.2% to Rs 195. Brokerages updated their calls, with UBS and Nomura at ‘Neutral’, CLSA at ‘Hold’, and Axis Capital at ‘Reduce’, setting targets between Rs 12.25 and Rs 15. The company is scheduled to hold an analyst briefing at 2:30 PM IST.

Bain Capital-backed automotive wiring harness maker Dhoot Transmission has launched its IPO with a price band of Rs 829 to Rs 871 per share, with subscriptions running from August 10 to August 12. The offering includes a Rs 1,400 crore fresh issue and an offer for sale of around 1.9 crore shares, mainly by existing shareholder Bain Capital. At the upper end of the band, the company is expected to raise Rs 3,066.89 crore and list with an estimated market capitalisation of about Rs 17,816.14 crore.

KEC International said it has won new orders worth Rs 1,063 crore spanning civil construction and transmission and distribution, lifting its total order book to Rs 6,300 crore. The company’s civil wins include a high-rise residential project, while its T&D business secured a 400 kV transmission line order in Africa and tower, hardware and pole supplies in the Americas. The stock rose 2% to Rs 478.75, taking its market capitalisation to Rs 12,744 crore.