NewQuest Sells 1.36% Shadowfax Stake for Around Rs 200 Crore
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Khushi Jain
- September 9, 2026
TPG-backed NewQuest Asia Fund IV has sold another 1.36% stake in logistics startup Shadowfax for around Rs 200 crore through a bulk deal on the BSE.
According to exchange data, NewQuest sold 80 lakh shares at Rs 250.03 apiece. OxBow Master Fund bought 47.85 lakh shares at Rs 250 each, with the transaction valued at around Rs 119.6 crore.
The latest transaction follows a similar deal in August, when NewQuest sold 1.25 crore Shadowfax shares at Rs 240.46 apiece for around Rs 300.6 crore. OxBow Master Fund had acquired 69.32 lakh shares at Rs 240.25 apiece in that transaction, worth Rs 166.5 crore.
As of June 2026, NewQuest held an 11.53% stake in Shadowfax. Across the two transactions, the fund has sold around 2.05 crore shares worth over Rs 500 crore, while Oxbow has acquired a 2% stake in the company.
The latest deal comes as Shadowfax continues to see secondary-market activity following its public listing.
In Q1 FY27, Shadowfax recorded a 65% year-on-year growth in operating revenue to Rs 1,358 crore. Its profit also surged more than eightfold to Rs 65 crore during the quarter.
At the end of Tuesday’s trading session, Shadowfax’s share price closed at around Rs 249.8 on the BSE, valuing the company at Rs 14,656 crore, or approximately $1.54 billion.
FAQs
1. How much stake did NewQuest sell in the latest Shadowfax deal?
NewQuest sold a 1.36% stake in Shadowfax for around Rs 200 crore.
2. How many Shadowfax shares did NewQuest sell?
NewQuest sold 80 lakh shares at Rs 250.03 apiece.
3. How much Shadowfax stake has Oxbow acquired?
Oxbow has acquired a 2% stake in Shadowfax across the two transactions.
4. What was Shadowfax’s operating revenue in Q1 FY27?
Shadowfax recorded Rs 1,358 crore in operating revenue in Q1 FY27, up 65% year-on-year.
5. What is Shadowfax’s market valuation?
Shadowfax was valued at Rs 14,656 crore, approximately $1.54 billion, at the end of Tuesday’s trading session.
