India, Sept. 9 -- Private equity (PE) giant TPG yesterday offloaded Shadowfax shares worth Rs.200 Cr via an open-market transaction.

According to BSE data, the PE major, via its entity NewQuest Asia Fund IV (Singapore), sold 80 Lakh shares of the logistics giant at Rs.250.03 each to rake in the amount.

Of the shares that flooded the market, Hong Kong-based hedge fund Oxbow Master Fund lapped up 47.9 Lakh shares at Rs.250 apiece for a sum of Rs.119.6 Cr. There was no clarity on who picked up the rest of the shares.

The block deal was undertaken at a premium of 0.09% to the stock's last closing price on Tuesday.

This is not the first time that early backers have diluted their shareholding in the listed logistics company in the past few ...