{"id":971361,"date":"2025-11-03T08:42:34","date_gmt":"2025-11-03T03:12:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=971361"},"modified":"2025-11-03T09:18:29","modified_gmt":"2025-11-03T03:48:29","slug":"flipkart-to-be-largest-seller-in-shadowfaxs-rs-2000-crore-ipo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/11\/03\/flipkart-to-be-largest-seller-in-shadowfaxs-rs-2000-crore-ipo\/","title":{"rendered":"Flipkart to be largest seller in Shadowfax\u2019s Rs 2,000 crore IPO"},"content":{"rendered":"<p>several of its institutional and individual investors partially exit their holdings, according to its updated draft red herring prospectus (DRHP). The company plans to raise up to Rs 2,000 crore, of which Rs 1,000 crore will be through a fresh issue of shares and the rest via the offer-for-sale (OFS). <\/p>\n<p>Shadowfax\u2019s largest shareholder, Flipkart, which holds a 14.8% stake in the company, will be the largest seller, looking to sell up to Rs 237 crore worth of shares. Flipkart had initially invested in Shadowfax in 2019 as part of its $60 million Series D round and continued to double down in subsequent funding rounds. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>several of its institutional and individual investors partially exit their holdings, according to its updated draft red herring prospectus (DRHP). The company plans to raise up to Rs 2,000 crore, of which Rs 1,000 crore will be through a fresh issue of shares and the rest via the offer-for-sale (OFS). Shadowfax\u2019s largest shareholder, Flipkart, which holds a 14.8% stake in the company, will be the largest seller, looking to sell up to Rs 237 crore worth of shares. Flipkart had initially invested in Shadowfax in 2019 as part of its $60 million Series D round and continued to double down [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-971361","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/971361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=971361"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/971361\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=971361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=971361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=971361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}