TPG Sells More Shadowfax Shares Via ₹114 Cr Bulk Deal

by · Inc42

SUMMARY

  • The PE major, via its entity NewQuest Asia Fund IV (Singapore), sold 40 Lakh shares of the logistics giant at ₹284.03 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
  • In the past two months, PE giant TPG has offloaded Shadowfax shares worth nearly ₹500 Cr across two separate block deals