Announced Tue, 14 Jul · 16:30 IST
Shadowfax denies awareness of Flipkart stake sale talks
Regulatory & Legal 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
-1.8%1-day move
₹207.50
prior close
₹209.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.5-1.7-1.3-0.4-1.8+3.6+8.1+5.9+4.6+3.7————
Up moveDown movePending
AI summary
Shadowfax Technologies responded to NSE and BSE queries about a Moneycontrol news report saying Flipkart may sell about Rs 700 crore worth of stake in the company. The company stated it is not aware of any such negotiations and is not aware of any undisclosed information that could explain recent share price movement. It also said no regulatory or legal proceedings are applicable, and declined to comment on whether the news report is factually incorrect.
Likely market impact
Denial may calm short-term speculation, but uncertainty around a possible Flipkart exit could keep the stock volatile.