{
  "id": 6323812,
  "title": "PE Giant TPG Sells Shadowfax Shares In A ₹200 Cr Bulk Deal",
  "url": "https://urgent.news/2026/09/08/pe-giant-tpg-sells-shadowfax-shares-in-a-200-cr-bulk-deal",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T19:23:43.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/pe-giant-tpg-sells-shadowfax-shares-in-a-%e2%82%b9200-cr-bulk-deal/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Private equity (PE) giant TPG yesterday offloaded Shadowfax shares worth ₹200 Cr via an open-market transaction. According to BSE data,…",
  "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."
}