India, Oct. 1 -- Private equity (PE) giant TPG has now offloaded more shares of listed logistics giant Shadowfax via an open-market transaction for Rs.113.6 Cr.

According to BSE data, the PE major, via its entity NewQuest Asia Fund IV (Singapore), sold 40 Lakh shares of the logistics giant at Rs.284.03 apiece to rake in the amount. There was no clarity on who lapped up the shares that flooded the market.

The block deal was undertaken at a premium of 1.3% to the stock's last closing price on Wednesday.

This is not the first time that TPG has sold its stake in the company in the past two months. In September, the PE firm offloaded Shadowfax shares worth Rs.200 Cr. A month prior in August, TPG also pared stakes worth Rs.300 Cr in the comp...