Qualcomm offloads ₹157 cr Shadowfax stake in bulk deal
Qualcomm Ventures has sold 57.1 lakh shares of logistics company Shadowfax in an open-market transaction worth ₹157.3 crore, as reported by Inc42. The deal follows other recent share sales involving the company, including transactions by TPG and SEDEMAC’s backers.
The TPG deals, reported in the past month, involved ₹115 crore and ₹114 crore bulk sales, while SEDEMAC’s investors conducted a larger ₹1,456.4 crore transaction after an IPO lock-in period. Such activity may indicate shifting investor positions, though the broader implications for Shadowfax remain unclear.
The sale by Qualcomm, an early investor, could suggest a partial reduction in its holding. Secondary-market transactions of this kind are not uncommon among institutional backers, particularly in the months following a public listing.
For now, the deal reflects ongoing investor activity in the space, with observers likely monitoring whether similar transactions continue.
Sources: inc42.com
“A recent bulk deal by Qualcomm Ventures adds to a series of share sales by investors in Shadowfax, reflecting ongoing secondary-market activity in listed logistics startups.”
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