Clarification14 Jul 2026, 02:56 pm
Shadowfax Technologies Denies Flipkart Stake Sale Negotiations
AI Summary
Shadowfax Technologies Ltd has issued a clarification to the NSE and BSE regarding a news item published on moneycontrol.com on July 13, 2026, which suggested Flipkart was likely to sell a stake worth ₹700 crore in the company. Shadowfax Technologies stated that it is not aware of any such negotiations taking place. The company also confirmed it is not aware of any undisclosed information that could explain any movement in its trading price. The filing was made in response to information sought by the exchanges on July 14, 2026.
Key Highlights
- Company denies knowledge of any negotiations for Flipkart stake sale.
- No undisclosed information to explain share price movement.
- Clarification issued following exchange queries on news report.
- Report mentioned potential ₹700 crore stake sale by Flipkart.
Price Impact
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