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

Inc42 reports Qualcomm Asia Pacific sold 57.1 lakh shares at ₹275.3 each, 6.6% below the previous close.

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1 Source, 1h ago, first seen 1h ago

TLDR

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.

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Inc42@Inc42📉 Qualcomm Ventures Sells ₹157 Cr Worth Of Shadowfax Shares In Bulk Deal. 👇 Qualcomm, through its affiliate Qualcomm Asia Pacific, sold 57.1 Lakh shares at ₹275.3 apiece, at a 6.6% discount to the stock’s previous closing price. The chipmaker had also sold shares worth ₹183.9 Cr in August. The sale comes amid a broader investor sell-off, with TPG offloading over ₹700 Cr worth of Shadowfax shares since August. Meanwhile, Shadowfax reported an 8X YoY jump in Q1 FY27 net profit to ₹65.4 Cr, while operating revenue surged 65% to ₹1,358 Cr. 🔗 Investors are cashing in as Shadowfax’s stock rallies and financial performance improves. Read the full story here: https://t.co/A01p3W0aeX #Shadowfax #QualcommVentures #BulkDeal #Logistics #News1h
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    1 Source

    Inc42@Inc42📉 Qualcomm Ventures Sells ₹157 Cr Worth Of Shadowfax Shares In Bulk Deal. 👇 Qualcomm, through its affiliate Qualcomm Asia Pacific, sold 57.1 Lakh shares at ₹275.3 apiece, at a 6.6% discount to the stock’s previous closing price. The chipmaker had also sold shares worth ₹183.9 Cr in August. The sale comes amid a broader investor sell-off, with TPG offloading over ₹700 Cr worth of Shadowfax shares since August. Meanwhile, Shadowfax reported an 8X YoY jump in Q1 FY27 net profit to ₹65.4 Cr, while operating revenue surged 65% to ₹1,358 Cr. 🔗 Investors are cashing in as Shadowfax’s stock rallies and financial performance improves. Read the full story here: https://t.co/A01p3W0aeX #Shadowfax #QualcommVentures #BulkDeal #Logistics #News1h
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