Shadowfax sees ownership reshuffle as Flipkart cuts stake, ICICI Prudential MF buys more
Flipkart has reduced its stake in Shadowfax Technologies Ltd to 1.52% after selling more than 3.37 crore shares through an open market transaction, according to a stock exchange filing. In a separate filing, ICICI Prudential Mutual Fund said it increased its holding in the logistics company to 8.56% after acquiring shares between February and July.
Flipkart’s transaction, carried out on 24 July, reduced its holding from 7.29% to 1.52%, or from 4.26 crore shares to 89.05 lakh shares. On a diluted basis, its stake fell from 7.14% to 1.49%.
