Qualcomm sells nearly 1% stake in Shadowfax Technologies for Rs 157 crore
Global investor Qualcomm Ventures divested nearly a 1% stake in logistics solutions provider Shadowfax Technologies for Rs 157 crore through an open market transaction on Monday.
Qualcomm Ventures, through its affiliate Qualcomm Asia Pacific Pte Ltd, sold a little over 57.13 lakh shares, representing a 0.98% stake, in Bengaluru-based Shadowfax Technologies, according to bulk deal data on the BSE.
The shares were sold at an average price of Rs 275.30 per share, taking the deal value to Rs 157.28 crore.
