Business Desk – American company Qualcomm has sold shares worth Rs 184 crore in logistics company Shadowfax Technologies. According to stock exchange data, Qualcomm's subsidiary Qualcomm Asia Pacific Pte sold 75 lakh shares of ShadowFax. This is 1.28% of the total stake of the company. The shares were sold at Rs 245.13 per share, taking the total deal value to Rs 183.8 crore.
How much stake did Qualcomm own?
As of June 2026, Qualcomm Asia Pacific Pte held a 2.26% stake in Shadowfax. After this sale, movement may be seen in the company's shares on Monday, August 24.
Some other large investors have also reduced stakes in Shadowfax in recent months. NyWest Asia Fund IV sold a 2.13% stake on August 6. Flipkart Internet sold 5.48% stake and Eight Roads Investments Mauritius II sold 7.67% stake on July 24.
Why is Shadowfax important for Flipkart?
Shadowfax is one of Flipkart's leading last mile delivery companies. It deals in e-commerce and delivery of goods to nearby areas. Its services are especially useful in times of high demand, when the pressure on companies' own delivery networks increases.
The company also serves companies like e-commerce, quick commerce, food marketplace and on-demand transportation. Apart from this, Express also provides parcel delivery, goods pickup, local delivery and necessary logistics services.
Who are the promoters of the company?
The promoters of Shadowfax are Abhishek Bansal and Vaibhav Khandelwal. Abhishek Bansal is the managing director and chief executive officer of the company. Vaibhav Khandelwal is the Whole Time Director and Chief Technical Officer. Promoters' stake in the company stood at 16.51% as of the end of June 2026.
Listed on stock exchange in January 2026
Shadowfax was listed on the stock exchange in January 2026. Its IPO was worth Rs 1,907.27 crore. On Friday, August 21, the company's shares closed at Rs 255.45 on BSE.
The market capitalization of the company is more than Rs 14,900 crore. The face value of the share is Rs 10. The stock has risen nearly 120% in the last 6 months and 24% in the last 3 months.
How are the company's earnings?
Shadowfax's revenue on a standalone basis in the April-June 2026 quarter stood at Rs 1,323.85 crore. During this period the company made a net profit of Rs 66.20 crore. In FY 2026, the company's standalone revenue was Rs 4,080.35 crore and net profit was Rs 115.18 crore.