Qualcomm Ventures sells ₹157 crore worth of Shadowfax shares in bulk deal

Inc42 reports Qualcomm Ventures sold ₹157 crore worth of Shadowfax shares through Qualcomm Asia Pacific in a bulk deal. The affiliate sold 57.1 lakh shares at ₹275.3 each, 6.6% below the previous close. Inc42 says Qualcomm also sold ₹183.9 crore worth in August, while TPG has offloaded over ₹700 crore worth of Shadowfax shares since August. Shadowfax reported an 8X year-over-year jump in Q1 FY27 net profit to ₹65.4 crore and 65% operating revenue growth to ₹1,358 crore.