🇮🇳 India Daybook: Wardwizard Bags $1.29B Order, Wipro Secures $500M US Deal

📍 ORDER WIN

• Wardwizard Innovations: The electric vehicle manufacturer secured a landmark $1.29 billion (approx. ₹10,800 crore) order from Philippines-based Beulah International Development Corporation. The company will supply electric two-wheelers and three-wheelers and develop four-wheeler commercial vehicles for the Philippine market.
• Wipro: The IT major has been awarded a $500 million strategic contract by a leading US-based communication service provider. Wipro will provide managed services for specific products and industry solutions over a five-year tenure.
• KEC International: Announced new order wins worth ₹1,061 crore across its Transmission & Distribution (T&D) and Railways businesses in India, East Asia Pacific, and the Americas.
• RailTel: Received a work order from National Informatics Centre Services Inc. (NICSI) for ICT infrastructure totaling ₹81.6 crore.

📍 BLOCK DEAL

• InterGlobe Aviation (IndiGo): Promoter Rahul Bhatia’s InterGlobe Enterprises offloaded a 2% stake (approximately 7.7 million shares) via a block deal worth roughly ₹3,292 crore to fund new hospitality ventures.
• Mphasis: Blackstone-backed BCP Topco sold a 10.6% stake in the IT firm through block deals at a floor price of ₹2,350 per share, with the total transaction value estimated at ₹6,697 crore.

📍 DEMERGER

• Raymond: The company is moving forward with its value-unlocking strategy, having approved the vertical demerger of its real estate business into a separate listed entity, Raymond Realty Limited. Shareholders will receive shares in a 1:1 ratio.

📍 AGREEMENT

• Lupin: The pharmaceutical company has entered into a Business Transfer Agreement with Lupin Life Sciences Limited to streamline its domestic formulations and wellness business.

📍 BUSINESS UPDATE

• Adani Enterprises: Adani Airports reported a significant operational milestone, handling over one million tonnes of cargo in the previous fiscal year, which accounts for a 30.1% domestic market share.

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