{
  "id": 14108802,
  "title": "Qualcomm sells nearly 1% stake in Shadowfax Technologies for ₹157 cr",
  "url": "https://urgent.news/2026/10/13/qualcomm-sells-nearly-1-stake-in-shadowfax-technologies-for-157-cr",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T03:28:25.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/qualcomm-sells-nearly-1-stake-in-shadowfax-technologies-for-157-cr/article71577831.ece"
  },
  "original_language": "en",
  "account": "Global semiconductor giant Qualcomm Ventures divested a near 1 percent stake in logistics solutions provider Shadowfax Technologies for ₹157 crore on Monday, through an open market transaction. The company, via its affiliate Qualcomm Asia Pacific Pte Ltd, sold over 57.13 lakh shares, constituting a 0.98 percent stake, in the Bengaluru-based firm. The shares were sold at an average price of ₹275.30 per share, resulting in a deal value of ₹157.28 crore. Qualcomm Asia Pacific, a regional corporate affiliate and investment arm of Qualcomm, held a 2.26 percent stake in the company as of the end of the June quarter. Details of the buyers remained undisclosed. Shadowfax Technologies' shares closed slightly lower at ₹294.75 each on the BSE.",
  "summary": "The shares were sold at an average price of ₹275.30 per share, taking the deal value to ₹157.28 crore",
  "key_points": [
    "Qualcomm Ventures sold 0.98% stake in Shadowfax Technologies for ₹157 crore.",
    "Transaction executed through open market, 57.13 lakh shares sold.",
    "Qualcomm Asia Pacific retained 2.26% stake post-sale."
  ],
  "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."
}