Shadowfax Technologies shares fall after 16.2% stake worth ₹1,938 crore changes hands in multiple block deals
Author: CNBC-TV18 Markets·
Key Takeaways
- •Multiple block deals accounted for 16.2% of Shadowfax Technologies’ equity, with the shares valued at ₹1,938 crore.
- •Shadowfax Technologies shares fell following the transaction.
- •The size of the deal made it notable because it could alter the company’s shareholding structure in one trading session.
- •Sources previously told CNBC-TV18 that the sellers had increased the deal size to 14.2% from 9.08% the day before.
Shadowfax Technologies shares fell after 16.2% equity worth ₹1,938 crore changed hands in multiple block deals.
The transaction is notable because block deals of this size can reshape a company’s shareholding in a single session and often draw attention to how much stock is available for trading. For investors tracking listed logistics and supply-chain companies, such moves are typically watched for any disclosure updates on the parties involved and the final stake transferred.
Sources had earlier told CNBC-TV18 that sellers in the Shadowfax Technologies block had raised the deal size to 14.2% from the 9.08% stake reported a day earlier.
