Versant is reportedly exploring a potential sale of its youth sports app, though details remain limited and not yet confirmed by major outlets.

The available information suggests Versant is evaluating strategic options, but no buyer or valuation has been publicly disclosed.

The earliest mention of Versant’s youth sports strategy appears to have come from Capwolf.com on May 8, 2025. That outlet published an article titled “Versant’s Bold Sports Strategy Unveiled”, which discussed the company’s broader sports ambitions and hinted at digital initiatives, including potential moves around youth sports.

What we know so far

• Versant’s core identity today: Most publicly available information about Versant points to its role as a sports equipment and cricket gear brand rather than a technology company.
• Youth sports app angle: Recent reports indicate Versant may also operate a digital platform for youth sports management or engagement, and is now considering a sale of that app.
• Strategic rationale:
  • They want to refocus on core businesses (e.g., cricket gear and apparel in Versant’s case).
  • The app has attracted interest from larger players in sports tech or youth engagement platforms.
  • They see better monetization opportunities by divesting rather than scaling internally.

Why this matters

• Youth sports apps are hot assets: Globally, platforms that manage leagues, training, and community engagement for young athletes are seeing strong demand. Investors view them as gateways to long-term customer relationships.
• Potential buyers:
  • Sports tech startups looking to expand their user base.
  • Large sporting goods brands seeking digital engagement tools.
  • Private equity firms interested in scaling subscription-based youth platforms.
• Market context: The sale would align with broader consolidation trends in sports technology, where niche apps often get absorbed by larger ecosystems.

Caveat

• No official confirmation yet: The current information is speculative. Versant’s public-facing identity is still heavily tied to cricket gear, and there is no detailed press release or valuation data available.
• Possible confusion: Some sources may conflate Versant’s retail brand with a separate digital initiative. Until clarified, treat this as an exploratory move rather than a finalized transaction.

The story is still nascent and speculative, with Capwolf’s coverage being the initial spark.  

Adani Enterprises has announced it will divest its entire stake in PT Adani Global (Indonesia) to Dubai-based ENERGICO FZCO for USD 125 million, with completion expected by November 30, 2025.

Adani Enterprises filed a disposal/divestiture notice on November 6, 2025, confirming the sale of its stake in PT Adani Global (Indonesia) to ENERGICO FZCO for USD 125 million. Media outlets such as ScanX News reported the same details, citing the official filing and highlighting that the divested entity contributed only 0.83% of consolidated revenue and 1.11% of net worth.  

State Bank of India (SBI), the country’s largest lender, today, announced the successful completion of the divestment of a 13.18% (approx.) stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC). SMBC is a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG) and is amongst the leading foreign banks in India. SMFG is the second largest Banking Group in Japan with Total Assets of US$ 2.0 trillion (approx.).

Mr. C. S. Setty, Chairman, IBA & SBI

Australian telecom firm, Telstra, has announced a landmark strategic partnership with Infosys, under which the Indian IT giant will acquire a 75% stake in Versent Group for AUD 233.3 million (USD 153 million). The move marks a significant step in Telstra’s “Connected Future 30” strategy, aimed at sharpening its enterprise focus and accelerating digital transformation across Australia and New Zealand.

Deal Overview

• Stake Divested: 75% of Versent Group to Infosys
• Valuation: AUD 233.3 million (USD 153 million)
• Telstra’s Retained Stake: 25%
• Expected Closure: H2 FY2026, pending regulatory approvals
• Payment Structure: AUD 175 million upfront + performance-based deferred payments
• Financial Impact: No material gain/loss expected for Telstra

Strategic Objectives

The partnership will establish a joint venture focused on delivering AI-enabled cloud solutions to large enterprises and government agencies. Infosys will gain operational control of Versent Group, which includes:

• Versent
• Epicon
• Telstra Purple Digital
• Cloud Access products

Together, these units comprise a 650-member team of engineers, strategists, and advisors serving sectors such as finance, energy, utilities, education, and government.

Combined Capabilities

The joint venture will integrate:

• Telstra’s connectivity and local market reach
• Versent’s cloud-native engineering and agility
• Infosys’s global scale, AI platform Topaz, cloud suite Infosys Cobalt, and cybersecurity arm The Missing Link

This synergy is expected to deliver end-to-end digital transformation solutions, with both companies referring and leveraging each other’s offerings.

Vicki Brady, CEO, Telstra:

This partnership reflects our confidence in the growth potential of Versent Group and the value unlocked through collaboration with Infosys. It accelerates our ability to deliver cutting-edge solutions to customers across the region.

Salil Parekh, CEO, Infosys:

We’re excited to bring transformative AI-first capabilities to complement Versent’s cloud-first foundation. This venture will accelerate innovation for enterprises and government corporations in Australia and New Zealand.

Versent Group will retain its brand identity and operate as a stand-alone business under the joint venture structure. The deal builds on prior collaborations between Infosys and Telstra, including a 2024 multi-year software engineering agreement and a 2025 partnership with Telstra International.

Additionally, Adani Enterprises Limited (AEL) will divest about 13% of its shares in Adani Wilmar to meet minimum public shareholding requirement.

This move will allow AEL to completely exit its 44% holding in Adani Wilmar, and the proceeds from the sale will be used to boost investments in core infrastructure platforms like energy, utility, transport, and logistics.

The proceeds from the sale of Adani Enterprises' stake in Adani Wilmar, estimated to be over USD 2 billion, will be used to boost investments in core infrastructure areas like energy, utilities, transport, logistics, and other important sectors.

The financials of Adani Wilmar Limited are quite impressive. As of December 27, 2024, the market value of Adani Wilmar was approximately Rs 42,785 crores ($5 billion). In the first half of the fiscal year 2024-25, Adani Wilmar reported an 18% year-on-year revenue growth to ₹14,460 crore and a highest ever half-yearly Profit After Tax (PAT) of ₹624 crore.

However, in FY24, the company's EBITDA was down by 29% due to market factors and challenges in Bangladesh, where it is the largest edible oil company.

On December 5, 2024, Vodafone Group shareholders collectively divested their entire stake in Indus Towers, leading to the termination of the shareholders' agreement between Bharti Airtel, Vodafone shareholders, and Indus Towers. This as part of a broader strategy to repay domestic debt and support Vodafone Idea's financial obligations.

As a result, Indus Towers, which is India's largest mobile tower installation company, became a subsidiary of Bharti Airtel in August 2024.

This move marks Vodafone Group's complete exit from Indus Towers, following a previous sale of an 18% stake in June 2024. The divestment was conducted through an accelerated book-build offering, with the proceeds aimed at addressing Vodafone's debt obligations.

This divestment is a significant step in Vodafone Group's strategy to streamline its operations and support its Indian joint venture, Vodafone Idea. The proceeds from the sale were used to repay outstanding borrowings and potentially infuse fresh capital into Vodafone Idea.

Following the divestment, Indus Towers became a subsidiary of Bharti Airtel, which held a 50% equity stake in the company as of September 2024. The stock price of Indus Towers surged by 5% in early trade on the day of the announcement.

One of the largest telecom tower companies in the world, Indus Towers provides telecom coverage across all 22 telecom circles in India, with 219,736 towers and 368,588 co-locations as of March 31, 2024.

Indus Towers offers a range of services including tower operations, power solutions, space solutions, smart cities, and next-gen solutions.

The company has raised approximately $20Mn from public market investors led by Ashish Kacholia
Infra.Market, India’s leading construction materials company, has strategically divested approximately 10% of its stake in RDC Concrete to investors led by Ashish Kacholia. This divestment in RDC Concrete further paves the way for RDC’s IPO plans in the near future offering investors an opportunity to be part of the company’s promising future in the construction material sector.

Infra.Market had acquired RDC Concrete, India's largest independent ready-mix concrete company, for US$ 90Mn in mid of 2021 when it had 49 RMC plants, which has currently grown to 100 plants across 48 cities. RDC Concrete expects to have around 180 RMC plants by the end of FY25. Growth has propelled the company to a dominant position within its sector. Current fund raise has closed at a valuation of approximately US$ 225 Mn.

Commenting on the announcement, Souvik Sengupta, Co-founder, Infra.Market, said, "The investment in RDC reflects our commitment to driving growth and fostering leadership within the construction industry. It is also a testament to the team at RDC which has been at the forefront of an astonishing journey. We look forward to witnessing RDC's continued evolution and contributing to its promising journey in the sector as we welcome the new investors in the company."

Led by Ashish Kacholia, this investment underscores the company's strong fundamentals and promising growth, with his track record adding credibility and strategic insight.

Speaking on his stake in RDC, investor Ashish Kacholia said, “Our interactions with the team at RDC has left us with a great understanding of the opportunities in India’s ready mix concrete market and the potential for the team at RDC to tap the opportunities. It’s a pleasure for us to participate in this financing round and partner with a great team building a lasting organization. We look forward to being good partners in the further growth of the company and are excited for the journey ahead.

Speaking on the divestment, Anil Banchhor, MD & CEO, RDC Concrete, said, “This significant milestone symbolizes not just validation of our growth story, but also a testament to the vision of our team in pioneering the concrete market in India. This partnership further aligns perfectly with our mission to revolutionize the construction materials industry. RDC is strategically positioned for unparalleled growth and innovation. Together, we are set to redefine the benchmarks of success in our sector and contribute meaningfully to the India’s construction material sector.”

India’s concrete penetration is the lowest among large economies of the world and the penetration of concrete as a percentage of total cement usage is expected to increase in the days to come. A large part of non-metro construction in India was primarily hand mixing concrete at site which is slowly shifting to manufactured concrete delivered at location. Major parts of the industry are still dominated by local players with no large brands in the concrete manufacturing space in India. RDC Concrete is the category leader and the largest independent ready mix concrete company and is expected to have a revenue of Rs 2,000 Cr by the end of this financial year FY24. RDC Concrete’s revenue and its EBITDA has grown over 2x since its acquisition in 2021.

The overall growth in the construction and infrastructure sector in India and the surge in construction of metros, airports, and highways continues to provide substantial growth opportunities for construction material companies. As a leader in an under-penetrated category, RDC is uniquely positioned to capitalize on the growth opportunities that the construction and infrastructure will provide in India.

About Infra.Market

Founded in 2016 and valued today at $2.5 billion, Infra.Market, India's foremost construction materials company, is reshaping the future of construction, both domestically and internationally. With innovative business planning and smart use of technology, it is the only company in the country to seamlessly supply over 15 different construction material product categories, including Concrete, AAC Blocks, Steel, Pipes & Fittings, MDF, Plywood, Laminates, Tiles, Bath Fittings & Sanitary, Fans, Lights, Kitchen and Electrical Appliances, Modular Kitchens & Wardrobes, Designer Hardware and even Paints.

Equipped with 10,000+ retail touchpoints and 30+ flagship stores, Infra.Market supplies all its products under its own brand name and also from companies that it has invested in including RDC Concrete and Shalimar Paints Ltd. Additionally, it has fortified its market position by launching India's first of its kind multi products and multi categories brand IVAS for home construction and renovation needs. The company takes pride in operating 200+ concrete manufacturing plants and an additional 30+ manufacturing units for other product categories. Fostering transparency and efficiency within the industry, most products supplied by Infra.Market are manufactured in-house.

Its distinctive fusion of conventional solutions with an unconventional, disruptive approach provides a comprehensive range of construction material products consolidated under one roof. This integrated approach efficiently caters to the diverse requirements of both B2B and B2C needs in the construction material industry.

Website: www.infra.market

Software major Tech Mahindra on Sunday announced the divestment of 73.38 per cent stake in its subsidiary FixStream Networks Inc to US-based Resolve Systems LLC for USD 2 million (approx Rs 14.22 crore).

"...In terms of the authority delegated by the Board of Directors we wish to inform divestment of 73.38 per cent equity investment held by the company in FixStream Networks Inc, USA, a subsidiary company," Tech Mahindra said in a BSE filing.

The company said consideration received from this divestment is USD 2 million for the equity held by the company, subject to necessary adjustments.

Tech Mahindra said FixStream Networks Inc reported a revenue of USD 5.15 million and a loss of USD 5.19 million in 2018-19.

The transaction is expected to be completed by November 15, 2019 subject to receipt of all statutory approvals.

More Updates to be published on ad-hoc basis...