TPG-backed NewQuest offloads more stake in Shadowfax via bulk deal
With the latest transaction, NewQuest has offloaded 2.85 crore Shadowfax shares since July.
Explore the latest news, in-depth reports, and executive analysis tagged with #Liquidity.
With the latest transaction, NewQuest has offloaded 2.85 crore Shadowfax shares since July.
The fledgling proprietary components business, stiff competition in its core fan business, dependence on imports and continued losses could put greater scrutiny on the valuation Atomberg seeks through the IPO.
Several domestic and global institutional investors including Mirae Asset Mutual Fund and SBI Life Insurance bought the shares.
RPS Ventures, founded by former SoftBank Vision Fund managing partner Kabir Misra, held a 1.12% stake in Meesho as of June 2026.
The stake was purchased by a mix of domestic and international institutional investors.
The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
The shares were picked up by a clutch of institutional investors, including Integrated Core Strategies (Asia), Singularity Large Value Fund III and F3 Advisors.
The latest sale marks Ribbit Capital’s second major share sale in Groww this year.
The exit from HBOX was facilitated after the startup secured growth capital from Charlesbank Technology Opportunities Fund.
After posting a profit of Rs 62 crore in FY24, the nbfc Kinara Capital swung to a loss of Rs 351 crore in FY25.