1 week ago
Qualcomm Sells ₹184 Crore Stake in Shadowfax Deal
Qualcomm sold part of its investment in Shadowfax, a logistics company.
It sold 75 lakh shares for nearly ₹184 crore.
The sale represented 1.28% of Shadowfax.
Other large investors have also sold some Shadowfax shares recently.
Shadowfax’s share price has more than doubled from its IPO price since its listing in January 2026.
Other large share transactions happened in Shanthi Gears, KDDL and Nxt-Infra Trust.
In Shanthi Gears, its promoter bought shares from another investor.
The articles do not explain why these investors bought or sold their shares.
Qualcomm Asia Pacific sold 75 lakh Shadowfax shares, representing a 1.28% stake, for about ₹183.8 crore.
The shares were sold at ₹245.13 each, while Shadowfax closed at ₹255.40 on the NSE on August 21.
Newquest Asia Fund IV, Flipkart Internet and Eight Roads Investments also recently reduced their Shadowfax holdings.
Tube Investments of India bought a 2.69% stake in Shanthi Gears for ₹77.49 crore from Pacific Assets Trust.
Block transactions were also recorded in KDDL and Nxt-Infra Trust involving institutional investors and promoters.
- Who
- Qualcomm Asia Pacific sold Shadowfax shares; other transactions involved Newquest Asia Fund IV, Flipkart Internet, Eight Roads Investments, Tube Investments of India, Pacific Assets Trust and other institutional investors.
- What
- Several bulk and block transactions were conducted in Shadowfax Technologies, Shanthi Gears, KDDL and Nxt-Infra Trust.
- Where
- The transactions were disclosed through stock exchange data involving companies traded in India.
- When
- The transactions were reported around July and August 2026; Shadowfax closed at ₹255.40 on August 21.
- Why
- The articles state that investors reduced or increased their holdings, but do not provide specific reasons for the decisions.
Sellers and Reducing Investors
Buyers and Increasing Investors
Shadowfax ownership
Sellers and Reducing Investors
Qualcomm Asia Pacific, Newquest Asia Fund IV, Flipkart Internet and Eight Roads Investments reduced their Shadowfax holdings.
Buyers and Increasing Investors
The articles do not identify a specific buyer for Qualcomm’s Shadowfax shares.
Shanthi Gears stake
Sellers and Reducing Investors
Pacific Assets Trust sold a 2.69% Shanthi Gears stake.
Buyers and Increasing Investors
Promoter Tube Investments of India bought the same 2.69% stake.
Nxt-Infra Trust units
Sellers and Reducing Investors
Actis Highway Infra sold units, including a separate sale of 64.5 lakh units.
Buyers and Increasing Investors
Kotak Mahindra Bank, Larsen & Toubro, Kotak Mahindra Investments and LGT Wealth India purchased units.
Key facts
- Qualcomm transaction
- Qualcomm Asia Pacific sold 75 lakh Shadowfax shares.
- Transaction value
- The Shadowfax sale was worth approximately ₹183.8 crore.
- Sale price
- The Shadowfax shares were sold at ₹245.13 each.
- Shadowfax stake
- The sale represented a 1.28% stake; Qualcomm held 2.26% as of June 2026.
- Shadowfax listing
- Shadowfax listed on January 28, 2026, at an IPO price of ₹124 and has since more than doubled.
- Shanthi Gears deal
- Tube Investments of India bought a 2.69% stake for ₹77.49 crore.
- Nxt-Infra Trust deals
- Kotak Mahindra Bank, Larsen & Toubro and Kotak Mahindra Investments acquired 2.63 crore units for ₹247.29 crore.
Sources
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