Qualcomm sells 0.98% Shadowfax stake for Rs 157 crore
In short
Qualcomm Ventures sold a little over 57.13 lakh shares in Shadowfax Technologies, or 0.98% of the company. The deal was worth Rs 157 crore, according to BSE bulk deal data.
This matters because it changes ownership in a Bengaluru logistics company. The reporting does not say who bought the shares or why Qualcomm sold them.
What the reporting says
Qualcomm Ventures, through Qualcomm Asia Pacific Pte Ltd, sold a little over 57.13 lakh shares in Bengaluru-based Shadowfax Technologies, representing a 0.98% stake. The bulk deal data on the BSE put the transaction value at Rs 157 crore. The reporting does not state the buyer, pricing per share, or whether Qualcomm retains any stake after the sale.
Why it matters
Qualcomm Ventures, through Qualcomm Asia Pacific Pte Ltd, sold more than 57.13 lakh Shadowfax Technologies shares, equal to a 0.98% stake, for Rs 157 crore. The data came from a BSE bulk deal filing. The reporting does not identify the buyer or explain the reason for the sale.