{"id":35073,"date":"2026-07-24T09:20:07","date_gmt":"2026-07-24T09:20:07","guid":{"rendered":"https:\/\/saharanews.in\/?p=35073"},"modified":"2026-07-24T09:20:07","modified_gmt":"2026-07-24T09:20:07","slug":"eight-roads-2-others-to-sell-stake-in-shadowfax","status":"publish","type":"post","link":"https:\/\/saharanews.in\/?p=35073","title":{"rendered":"Eight Roads, 2 others to sell stake in Shadowfax"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-132594643,imgsize-17050,width-400,height-225,resizemode-4\/132594643.jpg\" alt=\"Eight Roads, 2 others to sell stake in Shadowfax\" title=\"\u200b Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax\u200b\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"\u200b Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax\u200b\">\u200b Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax\u200b<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>MUMBAI: Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax through block deals worth around $108 million (Rs 1,048 crore), the term sheet of the transaction showed.<span class=\"id-r-component br\" data-pos=\"2\"\/>The floor price of the deal has been set at Rs 197 per share, about 9.8% discount to the company&#8217;s closing price of Rs 218.6 on NSE on Thursday. Flipkart which first invested in Shadowfax in 2019 holds about 7.3% in the firm while Eight Roads Investments has a near 10% stake in the logistics player, data as of July 20 showed.<span class=\"id-r-component br\" data-pos=\"5\"\/>Shadowfax got listed on the bourses in Jan this year. IMM India Fund&#8217;s individual shareholding hasn&#8217;t been disclosed on the bourses.<span class=\"id-r-component br\" data-pos=\"9\"\/>Earlier this month, an affiliate of Temasek offloaded up to 2.6% stake in Policybazaar parent PB Fintech through block deals worth about $200 million (Rs 1,908 crore) while in June, ADIA arm sold shares in Lenskart in a $204 million (Rs 1,944 crore) deal.<span class=\"id-r-component br\" data-pos=\"11\"\/>The stake sale also coincides with the expiry of the six-month lock-in period for major pre-IPO investors.<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/eight-roads-2-others-to-sell-stake-in-shadowfax\/articleshow\/132594625.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u200b Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax\u200b MUMBAI: Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax through block deals worth around $108 million (Rs 1,048 crore), the term sheet of the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":35074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-35073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/35073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35073"}],"version-history":[{"count":0,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/35073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/media\/35074"}],"wp:attachment":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}