TPG Sells Shadowfax Shares Worth ₹200 Crore in Open Market Deal

9 Sept 2026, 12:53 am · 4d ago · 1 min read · Inc42

Amount

₹200 Cr

Stage

Secondary / Bulk Deal

Lead

Oxbow Master Fund

Private equity firm TPG has offloaded 80 lakh shares in listed logistics major Shadowfax for ₹200 crore through an open-market transaction. Sold via TPG's NewQuest Asia Fund IV at ₹250.03 apiece, the block deal saw Hong Kong-based hedge fund Oxbow Master Fund acquire 47.9 lakh shares worth ₹119.6 crore. This secondary sale follows TPG's ₹300 crore share divestment last month and Flipkart and Eight Roads' ₹1,654 crore combined stake sale in July. The profit booking aligns with Shadowfax's strong performance, having posted an 8X surge in Q1 FY27 net profit to ₹65.4 crore.