Flipkart Internet sells 5.77% stake in Shadowfax via open market
SHADOWFAX · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.1 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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Flipkart Internet Private Limited sold 3,37,38,852 equity shares (5.77% of capital, 5.65% diluted) of Shadowfax Technologies via open market on July 24, 2026. Post-sale holding fell from 7.29% (4.26 crore shares) to 1.52% (89 lakh shares). Flipkart is not part of the promoter group.
Major non-promoter investor cuts stake sharply from 7.29% to 1.52%, signaling a near-complete exit by Flipkart from Shadowfax.