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Eight Roads, Flipkart and IMM India Fund plan to sell up to 9% in Shadowfax
Eight Roads Investments, Flipkart and IMM India Fund plan to sell up to 9% of Indian logistics firm Shadowfax via block deals worth about Rs 1,048 crore. The sale follows the expiry of the six-month lock-in for major pre-IPO investors.
Reported figures
From the report. Source details below
| Floor price: | Rs 197 per share |
|---|---|
| 9.8% discount to | Rs 218.6 closing price |
| Flipkart stake: | about 7.3% |
| Eight Roads stake: | nearly 10% |
Also in the report
- Around $108 million (Rs 1,048 crore)