India, July 24 -- Walmart-owned Flipkart has sold shares worth nearly Rs.690 Cr in listed logistics company Shadowfax via a bulk deal, joining existing investor Eight Roads Ventures in monetising its investment.

According to NSE data, Flipkart sold 3.37 Cr shares of Shadowfax at an average price of Rs.204.45 apiece, taking the transaction value to about Rs.690 Cr.

On the other hand, Fidelity-backed Eight Roads also sold 4.7 Cr shares across two bulk deals at average prices of Rs.204.62 and Rs.204.88 per share. The two transactions were worth about Rs.964.4 Cr.

Cumulatively, the investors laid off about Rs.1,654.4 Cr in Shadowfax through the bulk deals.

The exchange data does not disclose the identities of the buyers.

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