PE Giant TPG Offloads Shadowfax Shares In ₹301 Cr Bulk Deal

SUMMARY

• The PE major, via its entity NewQuest Asia Fund IV, sold 1.25 Cr shares of Shadowfax at ₹240.46 each 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 comes weeks after Walmart-owned Flipkart and Fidelity-backed Eight Roads cumulatively sold shares worth nearly ₹1,654 Cr in the listed logistics company via block deals