Flipkart, Eight Roads and IMM India Fund plan ₹1,048 crore Shadowfax block sale
Flipkart, Eight Roads Investments and IMM India Fund are set to sell about 9.1% of Shadowfax through a block deal, with a ₹197-per-share floor price—around a 10% discount to the prevailing market price. The sale follows the expiry of shareholder lock-ins.
Flipkart, Eight Roads Investments and IMM India Fund plan a Rs 1,048 crore block sale of about 9.1% in Indian logistics firm Shadowfax after its shareholder lock-in expiry, potentially changing its investor ownership structure.
Why this matters
The planned sale follows Shadowfax’s post-listing rally, when its stock nearly doubled as Q4 revenue rose 74% and express delivery share reached 27–29%. It also extends a prior signal that the same investors planned to sell up to 9%.
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