PE Giant TPG Sells Shadowfax Shares In A ₹200 Cr Bulk Deal

Private equity (PE) giant TPG yesterday offloaded Shadowfax shares worth ₹200 Cr via an open-market transaction. According to BSE data, the PE major, via its entity NewQuest Asia Fund IV (Singapore), sold 80 Lakh shares of the logistics giant at ₹250.03 each to rake in the amount. Of the shares that flooded the market, Hong Kong-based hedge fund Oxbow Master Fund lapped up 47.9 Lakh shares at ₹250 apiece for a sum of ₹119.6 Cr.