New Delhi, July 23 -- Fidelity-backed Eight Roads Ventures, Walmart-owned Flipkart Internet, and IMM India Fund are offering to sell a combined stake of up to 9.08% in Shadowfax Technologies Ltd through block deals on Friday as their post-listing lock-in period comes to an end, according to a term sheet reviewed by Mint.

According to the term sheet, the vendors are offering shares worth up to Rs.1,048 crore. The floor price is set at Rs.197 per share, representing a 9.87% discount to the stock's closing price of Rs.218.58 on 23 July. An upsize option for the offering is yet to be determined.

Eight Roads Investments Mauritius II Ltd (the entity through which Eight roads is executing the share sale) currently holds 55.57 million shares, r...