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Versigent spin-off approved → EDS business split effective April 1; India ADAS deal wins

Aptiv's Board approved the spin-off of its Electrical Distribution Systems business into Versigent, with a record date of March 17, 2026 and distribution before market open on April 1, 2026. The company also announced a supply agreement with a leading Indian commercial vehicle OEM for its Gen 6 ADAS platform across 14 models and 30+ variants. Aptiv launched a $1.35B cash tender offer for senior notes on March 6, 2026, and 17 analysts maintain a Buy rating with a $96 average price target implying 32% upside.