{
  "id": 12449131,
  "title": "TPG Offloads More Shadowfax Shares Via ₹115 Cr Bulk Deal",
  "url": "https://urgent.news/2026/10/06/tpg-offloads-more-shadowfax-shares-via-115-cr-bulk-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T19:10:47.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/tpg-offloads-more-shadowfax-shares-via-%e2%82%b9115-cr-bulk-deal/"
  },
  "original_language": "en",
  "account": "TPG, the private equity firm, has once again offloaded shares of Shadowfax, this time through a ₹115 crore bulk deal in the open market. The company sold 40 lakh shares at ₹287 per share to raise the funds. The bulk deal was executed at a 0.3% discount to Shadowfax's last closing price on Tuesday. This is the fourth such sale by TPG in the past three months, following deals worth ₹113.6 crore last week, ₹200 crore in September, and ₹300 crore in August. Shadowfax's share prices have surged by 10.96% in the past month and over 144.38% in the last six months, driven by strong financial performance. The logistics company reported an 8-fold increase in consolidated net profit to ₹65.4 crore in Q1 FY27 from ₹8 crore a year ago, with operating revenue rising by 65% YoY and 10% QoQ to ₹1,358.1 crore. Shadowfax, founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, operates a logistics network for e-commerce, quick commerce, and direct-to-consumer brands, serving over 16,372 pincodes. The company plans to expand its dark store network from 47 to 100 by March 2027 to bolster its quick commerce business. Shadowfax's shares closed Tuesday's trading session 0.4% lower at ₹287.75 on the BSE.",
  "summary": "TPG continues to dilute its shareholding in Shadowfax. The private equity (PE) giant has now sold more shares of the…",
  "key_points": [
    "TPG offloads 40 lakh Shadowfax shares via ₹115 crore bulk deal",
    "Sale executed at 0.3% discount to Shadowfax's last closing price",
    "Shadowfax shares surge 10.96% in past month, 144.38% in six months"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}