Eight Roads FII sells 8.05% stake in Shadowfax Technologies
SHADOWFAX · price
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On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Foreign investor Eight Roads Investments Mauritius II sold 4.70 crore equity shares of Shadowfax Technologies on July 24, 2026 through an open market bulk deal. This is 8.05% of total share capital. Its holding dropped sharply from 9.50% (5.55 crore shares) to just 1.45% (84.95 lakh shares). Eight Roads is not part of the promoter group.
Significant FII exit signals reduced foreign investor confidence. Share price may face selling pressure post the bulk deal.