Watch out for these 9 stocks, including Infy, Shadowfax, Akums, Swiggy and Eternal on Friday

Shadowfax Technologies is set to witness a block deal worth up to ₹1,047.5 crore (about $108 million) on Friday, with existing investors Eight Roads Investments Mauritius II, Flipkart Internet and IMM India Fund looking to sell shares through a secondary market transaction The deal involves up to 9.08 per cent of the company’s total outstanding shares, with a floor price of ₹197 per share, representing a 9.9 per cent discount to the July 23 closing price of ₹218.58. The transaction is being managed by Kotak Securities and Morgan Stanley India. The sale is entirely secondary in nature, with proceeds accruing to the selling shareholders rather than the company.

Coforge Limited, a global AI-native engineering services leader, has announced the launch of Coforge Nuuron, an AI Operating System (AI-OS) designed to help enterprises move beyond isolated AI initiatives and industrialise AI-driven outcomes across the business.

Infosys on Thursday appointed company veteran Ashiss Kumar Dash as the CEO designate, with the leadership transition set to take effect in 2027 after incumbent Salil Parekh completes his second term, capping a nine-year tenure. Dash’s appointment is for five years (till March 31, 2032) and is subject to shareholders’ nod. The appointment is based on the recommendation of the Nomination and Remuneration Committee of the Infosys Board, the company said.

Seamec has entered into diving agreements with HAL Offshore (HAL) for availing Diving Subsea Services on the ONGC Vessels ‘Samudra Prabha’ and ‘Samudra Sevak’ managed by the company. The total value of the contracts is $19.38 million (exclusive of GST). The contract involving ONGC Vessel ‘Samudra Prabha’ is worth around $9.42 million, while contract involving ONGC Vessel ‘Samudra Sevak’ is worth around $9.96 million. The transactions are Related Party Transaction and on Arm’s Length and in normal course of business. HAL holds 70.77% of shareholding in the company.

Fair trade regulator CCI on Thursday dismissed a complaint against Eternal, holding that no prima facie case of abuse of dominance was made out in relation to platform fees and pricing on its food delivery app, ZomatovEternal Ltd owns food delivery platform Zomato and quick commerce entity Blinkit.vThe case stemmed from a complaint by an individual consumer, who alleged that a food item purchased through Zomato cost Rs 198, against Rs 105 when bought directly from the same restaurant.vThe complainant had alleged that the difference arose due to inflated menu prices, delivery charges, platform fee and taxes.

The board of Swiggy has approved a proposal to cap the company’s aggregate foreign ownership at 49.5 per cent on a fully diluted basis, as part of its endeavour to qualify as an Indian-owned-and-controlled firm. The proposal will now be placed before shareholders for approval through a special resolution at the company’s 13th Annual General Meeting (AGM) on August 18, a regulatory filing said. The IOCC (Indian owned and controlled company) status would allow Swiggy to directly own and sell inventory through its quick commerce brand Instamart, a move expected to improve margins and strengthen supply chain control.

Akums Drugs and Pharmaceuticals will acquire the manufacturing business of Oriflame India Ltd for Rs 56 crore, marking its entry into colour cosmetics. The company’s wholly-owned subsidiary, Pure and Cure Healthcare Pvt Ltd, has received board approval to acquire the manufacturing business of Oriflame India, Akums Drugs and Pharmaceuticals Ltd said in a statement. The transaction covers two manufacturing facilities -- one at Roorkee, Uttarakhand, and the other at Noida, Uttar Pradesh, along with a leased warehouse situated at Noida -- for Rs 56 crore, it added. The acquisition is being made purely on a cash consideration basis and is expected to be completed by August 31, 2026,

Wipro Consumer Care & Lighting will acquire Good Home and EVA brands from TTK Healthcare for Rs 256 crore, ex...