Acquisitions17 Apr 2026, 01:37 pm
Shadowfax to acquire remaining CIPL stake; CIPL to be wholly-owned subsidiary
AI Summary
Shadowfax Technologies is completing its acquisition of Criticalog India Private Limited (CIPL) by purchasing the final tranche of equity shares, which will make CIPL a wholly-owned subsidiary. Shadowfax had previously acquired 89.59% of CIPL's total shareholding for a consideration of ₹481.55 million. CIPL, engaged in freight management and supply chain, reported a turnover of ₹1080.53 million as of March 31, 2025. The acquisition is a strategic move to strengthen Shadowfax's capacity for high-value shipments and is expected to conclude by April 2026. This transaction is classified as a related party transaction.
Key Highlights
- Shadowfax is acquiring the final tranche of Criticalog India Private Limited (CIPL) shares.
- CIPL will become a wholly-owned subsidiary of Shadowfax Technologies.
- Previous acquisition of 89.59% CIPL stake was for ₹481.55 million.
- CIPL's turnover was ₹1080.53 million as of March 31, 2025.
- Acquisition aims to strengthen logistics capacity for high-value shipments.