Flipkart has reduced its stake in Shadowfax Technologies to 1.52%, while ICICI Prudential Mutual Fund increased its holding to 8.56% through acquisitions between February and July.
On July 24, ICICI Prudential Mutual Fund bought a net of 89.44 lakh shares, pushing its holding beyond the disclosure threshold.
The fund clarified that the acquisition was made under various schemes and investment strategies solely from an investment perspective, with no intention of acquiring any controlling interest in Shadowfax.
Notably, Shadowfax's shares were trading at ₹207.57 apiece on Tuesday afternoon, down 0.97% from their previous closing price of ₹209.60.
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