Flipkart to Sell ₹750 Cr Shadowfax Stake via Block Deal, Cutting Holding From 8% to 2%
Flipkart plans to offload ~33.7 million Shadowfax shares worth ₹700-750 crore through a block deal at around ₹227.95 per share, trimming its stake from 8% to 2%. The move unlocks liquidity as the e-commerce major reshapes its portfolio amid deferred IPO timelines.
Flipkart plans to sell ~33.7 million Shadowfax shares worth ₹700-750 crore via block deal, cutting its stake from 8% to 2%. The e-commerce major is unlocking liquidity through portfolio exits amid deferred IPO plans.