PE Giant TPG Sells Shadowfax Shares In A ₹200 Cr Bulk Deal

In a recent bulk transaction, private equity firm TPG sold Shadowfax shares worth ₹200 crore through an open-market deal. The PE giant, via its Singapore-based entity NewQuest Asia Fund IV, sold 80 lakh shares of the logistics company to various investors. Hong Kong-based hedge fund Oxbow Master Fund purchased 47.9 lakh shares at ₹250 each, accounting for ₹119.6 crore of the transaction.

The remaining shares were not specified as to who acquired them. This sale occurred at a 0.09% premium to the stock's last closing price on Tuesday. This is not TPG's first time reducing its stake in Shadowfax; in the previous month, the firm sold nearly ₹300 crore worth of Shadowfax shares in another block deal. Earlier, in July, Flipkart and Eight Roads collectively sold Shadowfax shares worth nearly ₹1,654 crore.

The surge in share prices has prompted investors to book profits, with Shadowfax's stock jumping nearly 23% over the past three months and more than 108.2% year-to-date. The logistics company reported an 8x increase in consolidated net profit to ₹65.4 crore in Q1 FY27, up from ₹8 crore in the same quarter last year. Operating revenue also surged 65% year-over-year and 10% quarter-over-quarter to ₹1,358.1 crore in the quarter ending June 2026.

Shadowfax revised its FY27 revenue growth forecast to 38-40%, up from the previous 28-30% guidance. Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax operates a logistics network for e-commerce, quick commerce, and direct-to-consumer brands, serving more than 16,372 pincodes and planning to expand its dark store network to 100 by March 2027.