Announced Tue, 14 Jul · 14:59 IST
Denies awareness of Flipkart stake sale news report
Ownership Changes View source PDF
SHADOWFAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-7.7%1-day move
₹222.00
prior close
₹208.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.1-0.2—-7.7-8.2-3.2+1.0-1.0-2.0————
Up moveDown movePending
AI summary
Shadowfax Technologies clarified to NSE and BSE that it is not aware of any negotiations for Flipkart selling stake worth about Rs. 700 crore, as reported by Moneycontrol on July 13. The company also stated it has no undisclosed information that could explain recent share price movement. Since the company denies awareness, it cannot confirm or deny the factual accuracy of the news item.
Likely market impact
Denial may dampen stake sale speculation, but stock could stay volatile until Flipkart officially clarifies its holding plans.