TPG-backed NewQuest offloads Rs 115 Cr Shadowfax stake in bulk deal

"TPG-backed NewQuest Asia Fund IV has sold another 40 lakh shares of logistics company Shadowfax Technologies in a bulk deal worth Rs 114.8 crore. According to exchange data, NewQuest Asia Fund IV (Singapore) sold the shares at Rs 287 per share, representing around 0.68% of Shadowfax"s paid-up equity capital. This marks the fourth time that the private equity investor has offloaded shares of Shadowfax in the past three months. In August, NewQuest sold 1.25 crore shares worth around Rs 300.6…