TPG Offloads More Shadowfax Shares Via ₹115 Cr Bulk Deal

by · Inc42

SUMMARY

  • According to BSE data, the PE major, via its entity NewQuest Asia Fund IV (Singapore), sold 40 Lakh shares of Shadowfax at ₹287 apiece to rake in the amount
  • The bulk deal comes as the investor looks to book profits amid a sharp uptick in Shadowfax’s share prices in recent months and improving financials
  • This is the fourth time that TPG has sold its stake in the logistics company in the past three months. It has raked in ₹613.6 Cr via these open-market transactions since August