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Qualcomm exits Shadowfax with Rs 157 Cr stake sale

Qualcomm Asia Pacific Pte Ltd, an affiliate of the US-based chipmaker, sold 57.13 lakh shares, representing a 0.98% stake, at an average price of Rs 275.30 per share.

Tarun Mottlia

Via Entrackr

·Excerpt
Qualcomm exits Shadowfax with Rs 157 Cr stake sale
Image: Entrackr

"Qualcomm Ventures has sold Rs 157.28 crore worth of shares in logistics company Shadowfax Technologies through an open market transaction. Qualcomm Asia Pacific Pte Ltd, an affiliate of the US-based chipmaker, sold 57.13 lakh shares, representing a 0.98% stake, at an average price of Rs 275.30 per share, according to bulk deal data on the BSE. This follows another stake sale in August, when Qualcomm sold 75 lakh shares, representing a 1.28% stake, for Rs 183.85 crore at an average…

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