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Corporate Moves and Deals: July 24, 2026
On July 24, 2026, several major Indian companies made significant moves.
Shadowfax Technologies is set to have a big block deal where investors are selling shares at a discount.
Infosys appointed a new CEO who will start in 2027.
Seamec got contracts worth millions for diving services.
The competition commission dismissed a complaint against Eternal about high prices on Zomato.
Swiggy plans to limit foreign ownership to keep control as an Indian company.
Akums is buying a cosmetics business, and Wipro is expanding by buying two brands.
RailTel got a big order to improve railway tracks.
These moves show companies making big decisions to grow and adapt.
Shadowfax Technologies to witness a block deal worth ₹1,047.5 crore ($108 million) with a 9.9% discount to the closing price.
Infosys appoints Ashiss Kumar Dash as CEO designate, effective in 2027.
Seamec secures $19.38 million contracts for diving services on ONGC vessels.
CCI dismisses complaint against Eternal regarding Zomato's platform fees and pricing.
Swiggy to cap foreign ownership at 49.5% to maintain Indian-owned status.
Akums to acquire Oriflame India's manufacturing business for ₹56 crore.
Wipro to acquire Good Home and EVA brands from TTK Healthcare for ₹256 crore.
RailTel receives ₹32,74,50,127 order for track circuit reliability improvement.
- Who
- Various companies including Infosys, Shadowfax, Akums, Swiggy, Eternal, Wipro, Seamec, and RailTel
- What
- Corporate moves and deals including block deals, acquisitions, and new appointments
- Where
- India
- When
- July 24, 2026
- Why
- Strategic business decisions and market conditions
Investor Perspective
Company Perspective
Block Deal in Shadowfax
Investor Perspective
Investors are selling shares at a discount, potentially indicating a lack of confidence in the company's future performance.
Company Perspective
The company is not involved in the transaction, and the sale is purely secondary, with no impact on the company's operations or growth prospects.
Key facts
- Shadowfax Block Deal Value
- ₹1,047.5 crore ($108 million)
- Shadowfax Floor Price
- ₹197 per share
- Infosys New CEO
- Ashiss Kumar Dash
- Seamec Contract Value
- $19.38 million
- Swiggy Foreign Ownership Cap
- 49.5%
- Akums Acquisition Value
- ₹56 crore
- Wipro Acquisition Value
- ₹256 crore
- RailTel Order Value
- ₹32,74,50,127
Sources
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