TPG Sells More Shadowfax Shares Via ₹114 Cr Bulk Deal

Private equity firm TPG has offloaded additional shares of logistics company Shadowfax through an open-market transaction totaling ₹113.6 crore. The entity responsible for the sale, NewQuest Asia Fund IV (Singapore), sold 40 lakh shares of the logistics firm at ₹284.03 per share. The precise buyer of the shares remains undisclosed, as the block deal was executed at a 1.3% premium to the stock's closing price on Wednesday.

This is not TPG's first stake sale in Shadowfax within the last two months; in September, the firm offloaded Shadowfax shares worth ₹200 crore, and in August, a block deal saw a ₹300 crore stake reduction. These bulk deals occur as investors capitalize on Shadowfax's share price surge, which has reached an all-time high of ₹291.90 after peaking on September 24.

The company's shares have surged 14.22% in the past month and more than 143.97% over the last six months, driven by strong financial performance. In Q1 FY27, Shadowfax reported an 8X increase in consolidated net profit to ₹65.4 crore, up from ₹8 crore the previous year. Operating revenue grew 65% YoY and 10% QoQ to ₹1,358.1 crore in the quarter ending June 2026.

Following impressive results, Shadowfax revised its FY27 revenue growth forecast to 38-40%, a significant increase from the previous 28-30% guidance. Established in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax operates a logistics network catering to ecommerce, quick commerce, and D2C brands. The company went public earlier this year and currently serves over 16,372 pincodes, with plans to expand its dark store network from 47 to 100 by March 2027 as it seeks to bolster its quick commerce business. On Wednesday, Shadowfax shares closed 0.09% lower at ₹280.50 on the BSE.