TPG sells 40 lakh Shadowfax shares for ₹113.6 crore in latest bulk deal
TPG, through its entity NewQuest Asia Fund IV (Singapore), sold 40 lakh Shadowfax shares at ₹284.03 apiece for ₹113.6 crore in an open‑market transaction on Wednesday. This follows earlier block sales of ₹200 crore in September and ₹300 crore in August, as TPG continues to pare its stake after the stock’s recent rally. The block deal was executed at a 1.3% premium to Shadowfax’s Wednesday closing price of ₹280.5 on the BSE.
Shadowfax’s stock hit an all‑time high of ₹291.90 on September 24 and has risen 14.22% in the past month and 143.97% over six months. In Q1 FY27 the logistics firm posted an 8X jump in consolidated net profit to ₹65.4 crore, up from ₹8 crore a year earlier, while operating revenue reached ₹1,358.1 crore.
In September, the PE firm offloaded Shadowfax shares worth ₹200 Cr. A month prior in August, TPG also pared stakes worth ₹300 Cr in the company a block deal. The stock hit an all-time high ₹291.90 on September 24. The bulk deals come as investors look to book profits amid a sharp jump in Shadowfax’s share prices.
What we know
TPG sold 40 lakh Shadowfax shares at ₹284.03 apiece for ₹113.6 crore
In September, TPG offloaded Shadowfax shares worth ₹200 crore
In August, TPG pared stakes worth ₹300 crore in Shadowfax
Shadowfax’s stock hit an all‑time high of ₹291.90 on September 24
Shadowfax reported an 8X surge in consolidated net profit to ₹65.4 crore in Q1 FY27 versus ₹8 crore a year earlier