Qualcomm Sells 0.98% Stake in Shadowfax for Rs 157.28 Crore
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Khushi Jain
- October 13, 2026
Qualcomm Ventures has sold shares worth Rs 157.28 crore in logistics company Shadowfax Technologies through an open market transaction.
Qualcomm Asia Pacific Pte Ltd, an affiliate of the US-based chipmaker, sold 57.13 lakh shares, representing a 0.98% stake in Shadowfax, at an average price of Rs 275.30 per share, according to bulk deal data on the BSE.
The transaction follows another stake sale in August, when Qualcomm sold 75 lakh shares, equivalent to a 1.28% stake, for Rs 183.85 crore at an average price of Rs 245.13 per share. Across the two transactions, Qualcomm has sold Shadowfax shares worth around Rs 341 crore.
The investor held a 2.26% stake in Shadowfax at the end of June 2026.
NewQuest Also Sells Shadowfax Shares
The latest transaction comes amid a series of stake sales by existing investors in Shadowfax. TPG-backed NewQuest Asia Fund IV has also been selling shares in the logistics company through multiple bulk deals.
On October 6, NewQuest sold 40 lakh Shadowfax shares for Rs 114.8 crore at Rs 287 per share. This marked its fourth stake sale in the company in three months.
Since July, NewQuest has sold around 2.85 crore shares, reducing its stake by approximately 4.86 percentage points. It held an 11.53% stake in Shadowfax at the end of June 2026.
Shadowfax’s Business and Financial Performance
Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax provides logistics services to ecommerce, quick-commerce and direct-to-consumer (D2C) companies. The company operates across more than 16,000 pincodes.
Shadowfax reported a consolidated net profit of Rs 65.4 crore in Q1 FY27, compared with Rs 8 crore in the corresponding quarter a year earlier. Its operating revenue rose 65% year-on-year to Rs 1,358 crore during the quarter.
Shadowfax shares are currently trading at Rs 296.15, giving the company a total market capitalisation of Rs 17,391 crore.
FAQs
1. How much worth of Shadowfax shares did Qualcomm sell?
Qualcomm sold Shadowfax shares worth Rs 157.28 crore through an open market transaction.
2. How many Shadowfax shares did Qualcomm sell in the latest transaction?
Qualcomm Asia Pacific Pte Ltd sold 57.13 lakh shares, representing a 0.98% stake, at an average price of Rs 275.30 per share.
3. How much Shadowfax stock has Qualcomm sold across its two transactions?
Qualcomm has sold Shadowfax shares worth around Rs 341 crore across its August and latest transactions.
4. How much stake has NewQuest sold in Shadowfax since July?
NewQuest has sold around 2.85 crore shares since July, reducing its stake by approximately 4.86 percentage points.
5. What were Shadowfax’s financial results in Q1 FY27?
Shadowfax reported a consolidated net profit of Rs 65.4 crore, compared with Rs 8 crore a year earlier. Operating revenue increased 65% year-on-year to Rs 1,358 crore.
