NewQuest Asia Fund IV (Singapore), which is a part of the TPG group and is managed by TPG NewQuest, has bought one other 40 lakh shares in logistics firm Shadowfax Applied sciences for Rs 114.8 crore.

Trade bulk-deal knowledge present that NewQuest bought the shares on 6 October at Rs 287 every. The transaction represented about 0.68% of Shadowfax’s paid-up fairness capital.

The deal provides to a sequence of share gross sales by NewQuest since August, because the investor continues to cut back its holding within the Bengaluru-based logistics firm.

NewQuest has been lowering its Shadowfax stake

NewQuest held 6,74,86,916 Shadowfax shares, representing 11.53% of the corporate, on the finish of June 2026.

A regulatory disclosure filed in August confirmed that NewQuest bought 1,33,24,824 shares via open-market transactions between 3 and 6 August. The gross sales diminished its holding to five,41,62,092 shares, or 9.26%.

These transactions included a bulk deal on 6 August during which NewQuest bought 1.25 crore shares at Rs 240.46 every, a transaction price about Rs 300.58 crore.

NewQuest continued promoting in September. A disclosure filed with the exchanges confirmed that it bought one other 1,50,00,396 shares on 1, 4, 7, 8 and 30 September, lowering its holding to three,91,61,696 shares, or 6.69%, by the top of the month.

The September disposals included an 80 lakh-share bulk deal on 8 September at Rs 250.03 per share, price about Rs 200.02 crore, and an additional sale of 40 lakh shares on 30 September at Rs 284.03 apiece, price about Rs 113.61 crore.

Including the August and September disposals disclosed underneath takeover laws to the most recent 40 lakh-share bulk deal, NewQuest bought about 3.23 crore Shadowfax shares between 3 August and 6 October.

Of those, 2.85 crore shares had been bought via 4 main bulk offers on 6 August, 8 September, 30 September and 6 October, with a mixed transaction worth of about Rs 729 crore.

Revenue rises sharply in first quarter

The share-price rise has coincided with a interval of upper income and revenue for Shadowfax.

The corporate reported consolidated PAT of Rs 65.40 crore for Q1 FY27, greater than eight occasions the Rs 8.02 crore recorded a 12 months earlier. Consolidated income from operations rose 64.9% year-on-year to Rs 1,358.12 crore from Rs 823.54 crore.

Following its first-quarter efficiency, Shadowfax raised its FY27 income progress steerage to 38-40% from its earlier forecast of 27-30%.

Increasing its logistics community

Based in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax is a technology-led third-party logistics firm serving ecommerce, quick-commerce and D2C companies.

Its shares had been listed on the BSE and NSE on 28 January 2026.

Shadowfax mentioned presently its community serves greater than 16,372 PIN codes throughout India.

The corporate can also be increasing its quick-commerce infrastructure. It had 47 darkish shops working as of 30 June, with one other 20 within the technique of going reside, in opposition to its acknowledged goal of 100 darkish shops throughout FY27.