Qualcomm, through its early backer unit Qualcomm Ventures, sells shares in listed logistics firm Shadowfax Technologies in a bulk, open-market transaction valued at about ₹157 crore. Multiple outlets report the sale as representing nearly a 1% stake.
According to the reports, Qualcomm sells 57.1 lakh shares at an average price of ₹275.30 per share. The transaction value is stated as ₹157.28 crore (with closely matching figures around ₹157.3 crore). The shares are sold at this average rate in the bulk deal, taking the company’s holding down from its earlier ownership.
Outlets largely align on the key deal terms: seller identity (Qualcomm/Qualcomm Ventures), target company (Shadowfax Technologies), approximate stake size (nearly 1%), number of shares sold (57.1 lakh), and the average price and total consideration (₹275.30 per share; ~₹157.28 crore). No additional trading restrictions or reasons for the sale are highlighted in the provided summaries.
