{
  "id": 14039448,
  "title": "Qualcomm Sells Shadowfax Shares Worth ₹157 Cr In Bulk Deal",
  "url": "https://urgent.news/2026/10/12/qualcomm-sells-shadowfax-shares-worth-157-cr-in-bulk-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T20:08:23.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/qualcomm-sells-shadowfax-shares-worth-%e2%82%b9157-cr-in-bulk-deal/"
  },
  "original_language": "en",
  "account": "In a recent bulk deal involving logistics company Shadowfax, chipmaker Qualcomm Ventures sold 57.1 Lakh shares via an open-market transaction for ₹157.3 Cr. The sale took place through Qualcomm Asia Pacific Pte Limited, which owned a 2.26% stake or 1.32 Cr shares in Shadowfax as of June 2026. The shares were sold at ₹275.3 each, representing a 6.6% discount to the stock's last closing price on Monday. This is the latest in a series of bulk deals for Shadowfax's shares, with private equity firm TPG offloading shares worth over ₹700 Cr in August alone. Shadowfax's stock has surged 29.3% in the past three months and more than 122.91% in the last six months, driven by strong financial performance. The logistics company reported an 8X increase in consolidated net profit to ₹65.4 Cr in Q1 FY27, with operating revenue growing 65% YoY and a solid 10% QoQ. 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 ecommerce, quick commerce, and D2C brands across more than 16,372 pincodes, aiming to expand its dark store network to 100 by March 2027.",
  "summary": "Early backer Qualcomm Ventures has sold 57.1 Lakh shares of listed logistics company Shadowfax via an open-market transaction for ₹157.3…",
  "key_points": [],
  "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."
}