Qualcomm Sells Shadowfax Shares Worth ₹157 Cr In Bulk Deal

First reported 12 Oct, 20:08 UTCSource: Inc42Last editorial activity 12 Oct, 20:08 UTC

Detailed view of computer hard disk drive components, showcasing circuitry and connectors. — Illustrative photo.Photo by Marta Branco on PexelsQualcomm logo shown for identification only; no affiliation with or endorsement of WORLDTECH is implied.

What happened

Qualcomm Ventures first invested in Shadowfax during the logistics company’s $22 Mn Series C (an early stage of company funding) round in 2018, alongside Mirae Asset and Eight Roads Ventures. Early backer Qualcomm Ventures has sold 57.1 Lakh shares of listed logistics company Shadowfax via an open-market transaction for ₹157.3 Cr.

According to BSE data, the chipmaker, via its affiliate Qualcomm Asia Pacific Pte Limited, sold the shares at ₹275.3 apiece to rake in the amount. This represented a discount of 6.6% against the stock’s last closing price on Monday.

Qualcomm Asia Pacific Pte Ltd owned 2.26% stake, or 1.32 Cr shares, in Shadowfax at the end of June 2026. However, the chipmaker then diluted some of this shareholding and sold 75 Lakh shares worth ₹183.9 Cr in August.

Sources & evidence

Inc42 Reporting source
Qualcomm Sells Shadowfax Shares Worth ₹157 Cr In Bulk Deal ↗
https://inc42.com/buzz/qualcomm-sells-shadowfax-shares-worth-%e2%82%b9157-cr-in-bulk-deal/

What happened

Sources & evidence

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