Flipkart which first invested in Shadowfax in 2019 holds about 7.3% in the firm while Eight Roads Investments has a near 10% stake in the logistics player, data as of July 20 showed.Shadowfax got listed on the bourses in Jan this year.
IMM India Fund's individual shareholding hasn't been disclosed on the bourses.Earlier this month, an affiliate of Temasek offloaded up to 2.6% stake in Policybazaar parent PB Fintech through block deals worth about $200 million (Rs 1,908 crore) while in June, ADIA arm sold shares in Lenskart in a $204 million (Rs 1,944 crore) deal.The stake sale also coincides with the expiry of the six-month lock-in period for major pre-IPO investors.Get the latest Business News and Live updates.
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