Last Mile Delivery #stake sale#logistics
Eight Roads, Flipkart, IMM India Fund to Sell Up to 9% Stake in Shadowfax via Block Deals
Eight Roads Investments, Flipkart, and IMM India Fund are collectively selling up to a 9% stake in Shadowfax through block deals worth approximately $108 million (Rs 1,048 crore). The floor price is set at Rs 197 per share, a 9.8% discount to the closing price. The sale coincides with the expiry of the six-month lock-in period for pre-IPO investors.
Jul 24, 2026 1 source