ICICI Prudential MF lifts Shadowfax stake to 8.56% as Flipkart, Eight Roads sell
ICICI Prudential Mutual Fund bought 89.44 lakh Shadowfax shares in the latest open-market transaction, taking its holding to 8.56% from 5.15%. Flipkart and Eight Roads Ventures pared their positions through sizeable secondary sales. Shadowfax reports Q1 FY27 results on July 31.
ICICI Prudential Mutual Fund raised its Shadowfax stake to 8.56% through open-market purchases, while Flipkart and Eight Roads sold sizeable holdings. The Indian logistics company turned profitable in Q4 FY26 and will report Q1 FY27 results on July 31.
Why this matters
The transaction follows Flipkart cutting its Shadowfax stake to 1.52% as ICICI Prudential MF rose to 8.56%, and a ₹1,048 crore block trade involving Eight Roads and Flipkart, extending recent investor rotation around Shadowfax.
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