Shabnam SinhaSunil Bharti MittalResilient Asset Management B.V.Bharti AirtelOne 97 CommunicationsPaytmGMR Airports

Airtel's Sunil Bharti Mittal to step down as Non-Executive Chairman; GMR Airports expands with new terminal and Paytm plans share sale.

Sunil Bharti Mittal will step down as Non-Executive Chairman of Airtel Payments Bank on October 1, 2026, after a decade in the role. Meanwhile, GMR Airports has launched a new terminal at Alluri Sitarama Raju International Airport, and Paytm plans to sell up to 4.98% of its shares.

BusinessLine BusinessLine18 August 2026 · 06:52 UTC
CuriousCats Full Story

Sunil Bharti Mittal will step down as Non-Executive Chairman of Airtel Payments Bank on October 1, 2026, after a decade in the role. Independent Director Shabnam Sinha is set to succeed him for a three-year term, pending RBI approval.12

In parallel, GMR Airports has expanded its operations with the launch of a new international terminal at Alluri Sitarama Raju International Airport, enhancing its airport portfolio. This development is part of GMR's strategy to bolster its presence in the aviation sector.3

Additionally, Paytm is planning to sell up to 4.98% of its shares, which represents about half of its 10.20% total stake, through a block trade. The floor price for this sale is set at ₹1,535.10 per share, reflecting a 2.9% discount to the NSE closing price of ₹1,580.20 as of August 17, 2026. This move indicates a strategic shift as the company navigates its financial landscape.5

These developments highlight significant changes in leadership and strategic expansions within major Indian companies, reflecting ongoing shifts in the corporate landscape.

Key Insight
“Gulshan Polyols has allocated ₹146.66 crore for ethanol, while GMR Airports' subsidiary has begun operations at a new international terminal. Additionally, Resilient Asset Management B.V. is set to sell up to 4.98% of its stake in One 97 Communications at a floor price of ₹1,535.10 per share.”
CuriousCats studied:
1
BusinessLineBusinessLine
“Key developments include Gulshan Polyols’ ethanol allocation worth ₹146.66 crore, Bharti Airtel’s upcoming leadership change, and GMR Airports expanding its portfolio with a new international terminal.”
BusinessLine →
Ask CuriousCats
Who is stepping down at Airtel?
What is GMR Airports' latest development?
Why is Paytm planning a share sale?
Are there any other significant corporate changes happening in India?
How does this share sale compare to previous Paytm offerings?
CuriousCats
RELATED COVERAGE:
Resilient Asset Management to sell up to 4.98% stake in Paytm through block deal valued at nearly ₹4,895 crore
livemint.com🇮🇳18 August 2026 · 03:41 UTC
Resilient Asset Management to sell up to 4.98% stake in Paytm through block deal valued at nearly ₹4,895 crore

The proposed stake sale includes a base offer of 19.2 million shares valued at ₹2,949 crore, with an option to upsize by 12.7 million shares worth ₹1,946 crore. Paytm clarified that it is not a party to the transaction, ensuring no change in the Sharmas' direct shareholding.

Airtel Africa launches Starlink Mobile in the Democratic Republic of the Congo, aiming for wider satellite connectivity across Africa.
Punch Newspapers🇮🇳18 August 2026 · 06:45 UTC
Airtel Africa launches Starlink Mobile in the Democratic Republic of the Congo, aiming for wider satellite connectivity across Africa.

The DRC is the first Airtel Africa market to deploy Starlink's direct-to-mobile technology commercially, allowing customers with compatible LTE Android smartphones to connect without additional equipment. Airtel's CEO, Sunil Taldar, emphasized that this deployment will support the company's expansion into other markets, pending regulatory approvals.

Nelco invests $20 million in Lunar Holdco to enhance satellite connectivity in India; stocks to watch include GMR Airports and Oberoi Realty.
🇮🇳18 August 2026 · 05:01 UTC
Nelco invests $20 million in Lunar Holdco to enhance satellite connectivity in India; stocks to watch include GMR Airports and Oberoi Realty.

Nelco's investment aims to bring next-generation Direct-to-Device and IoT satellite connectivity to India and South Asia, enhancing regional tech capabilities. Meanwhile, Alluri Sitarama Raju International Airport has commenced operations, promising new economic opportunities for North Andhra Pradesh.

Resilient Asset Management plans to sell 4.98% Paytm stake, valued at ₹50.4 billion ($527.71 million); 1.92 crore shares traded in recent block deal
🇮🇳18 August 2026 · 05:10 UTC
Resilient Asset Management plans to sell 4.98% Paytm stake, valued at ₹50.4 billion ($527.71 million); 1.92 crore shares traded in recent block deal

The recent block deal involved 1.92 crore Paytm shares and was valued at ₹2,949 crore for 2.95% equity. As of end-June, Sharma directly owned a 9.03% stake in Paytm, indicating significant holdings in the fintech firm.

Paytm founder Vijay Shekhar Sharma-controlled Resilient Asset Management proposes to sell up to 4.98% stake via block trade; floor price set at ₹1,535.10 per share
🇮🇳17 August 2026 · 17:01 UTC
Paytm founder Vijay Shekhar Sharma-controlled Resilient Asset Management proposes to sell up to 4.98% stake via block trade; floor price set at ₹1,535.10 per share

The block trade is valued at about ₹48.95 billion at the floor price, a 2.9% discount to Monday's close. Proceeds will be retained by Antfin under the OCD agreement, while Sharma's direct 9.03% stake remains unchanged.

Manipal Health Enterprises Ltd acquires Kinder Women’s Hospital and Fertility Centre in Bengaluru for ₹130 crore; deal expected to close in 90 days
CNBC TV18🇮🇳17 August 2026 · 20:58 UTC
Manipal Health Enterprises Ltd acquires Kinder Women’s Hospital and Fertility Centre in Bengaluru for ₹130 crore; deal expected to close in 90 days

The acquisition will be entirely in cash and is part of Manipal's strategy to expand its hospital network in Bengaluru. Kinder Hospital, which has 100 beds, reported revenue from operations of ₹20.75 crore for the financial year ended March 31, 2026.

Resilient Asset Management plans to sell 4.98% Paytm stake; proceeds will go to Antfin, with no financial gain for founder Vijay Shekhar Sharma
Rediff🇮🇳18 August 2026 · 06:41 UTC
Resilient Asset Management plans to sell 4.98% Paytm stake; proceeds will go to Antfin, with no financial gain for founder Vijay Shekhar Sharma

The proposed sale will be executed under an optionally convertible debenture agreement between Resilient and Antfin, ensuring that the economic value from the transaction is retained by Antfin. Paytm clarified that it is not involved in the sale, and there will be no change in Sharma's direct shareholding.

New Zealand's a2 Milk posts 44% fall in full-year profit; Synlait denies takeover talks with Fonterra and a2 Milk
🇮🇳17 August 2026 · 00:37 UTC
New Zealand's a2 Milk posts 44% fall in full-year profit; Synlait denies takeover talks with Fonterra and a2 Milk

a2 Milk's net profit attributable fell to NZ$113.6 million, missing the Visible Alpha consensus of NZ$121 million, while underlying profit rose 7% to NZ$235.8 million. Synlait, in which a2 Milk holds 19.8%, said it is not involved in any discussions with a2 Milk or Fonterra regarding a potential take-private.

Shabnam Sinha to succeed Sunil Bharti Mittal as Airtel Payments Bank chairperson from October; Mittal steps down September 30
🇮🇳17 August 2026 · 16:01 UTC
Shabnam Sinha to succeed Sunil Bharti Mittal as Airtel Payments Bank chairperson from October; Mittal steps down September 30

Sinha, an independent director on the bank's board, chairs its Special Committee for Monitoring Frauds and brings over three decades of leadership experience, including a stint at the World Bank. The bank serves over 121 million monthly active users and nearly 30 million bank account customers.

FIFA Chief Operating Officer Kevin Lamour departs organization amid backlash against Infantino's $20bn proposal to sell stake to private equity investors.
Al Jazeera🇮🇳18 August 2026 · 10:00 UTC
FIFA Chief Operating Officer Kevin Lamour departs organization amid backlash against Infantino's $20bn proposal to sell stake to private equity investors.

The backlash to Infantino's plan to create a $20bn subsidiary and sell a 20 percent stake to private equity investors to raise $4.2bn continues to grow. Carlos Cordeiro, a senior adviser to Infantino, resigned in protest, labeling the proposal 'a bad deal for football.'

Get your CIA-level briefing,
in real time.
CuriousCats monitors the internet every minute for you and brings you the most personalized brief of videos, social media posts, news and more.
Download the App
If you liked this, you’ll love your CuriousCats brief.
News, videos, opinions and more — without the noise.
Get CuriousCats