Eight Roads, Flipkart among sellers in ₹1,048 crore Shadowfax block trade

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The transaction is being managed by Kotak Securities and Morgan Stanley India

Shadowfax Technologies is set to witness a block deal worth up to ₹1,047.5 crore (about $108 million) on Friday, with existing investors Eight Roads Investments Mauritius II, Flipkart Internet and IMM India Fund looking to sell shares through a secondary market transaction.

The deal involves up to 9.08 per cent of the company’s total outstanding shares, with a floor price of ₹197 per share, representing a 9.9 per cent discount to the July 23 closing price of ₹218.58. The transaction is being managed by Kotak Securities and Morgan Stanley India. The sale is entirely secondary in nature, with proceeds accruing to the selling shareholders rather than the company.

Published on July 23, 2026

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