Qualcomm Sells ₹184 Crore Shadowfax Stake
Qualcomm Incorporated’s subsidiary Qualcomm Asia Pacific Pte has reduced its holding in technology-led logistics company Shadowfax Technologies through a bulk transaction worth nearly Rs 184 crore. According to stock exchange data, Qualcomm Asia Pacific sold 75 lakh Shadowfax shares, equivalent to a 1.28% stake, at Rs 245.13 per share. The transaction value stood at around Rs 183.8 crore.…
Qualcomm's subsidiary, Qualcomm Asia Pacific Pte, has divested a portion of its investment in logistics firm Shadowfax Technologies, selling 75 lakh shares at a price of Rs 245.13 per share. This transaction, valued at approximately Rs 183.8 crore, represents a 1.28% decrease in Qualcomm's stake, which previously stood at 2.26% as of June 2026.
The sale follows recent reductions in Shadowfax's holdings by other prominent investors such as Newquest Asia Fund IV, Flipkart Internet, and Eight Roads Investments Mauritius II. Despite these divestitures, Shadowfax shares have shown resilience, closing at Rs 255.40 on the NSE on August 21, marking a 64.9% revenue increase in Q1 FY27 and more than doubling from its IPO price since its January 28, 2026 listing.
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