Eight Roads, Flipkart, IMM India Offer Shadowfax Shares as Lock-In Ends
Fidelity-backed Eight Roads Ventures, Flipkart, and IMM India Fund are offering to sell up to 9.08% stake in Shadowfax Technologies through block deals as their post-IPO lock-in period ends. The shares, worth around ₹1,048 crore, are offered at a floor price of ₹197, a discount to recent closing prices. Shadowfax's stock fell up to 7% amid the sale reports. Kotak Securities and Morgan Stanley are acting as placement agents. Shadowfax reported ₹1,237 crore revenue in March.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (54/100). Lens Score 46/100.
Outlets measured: businessstandard, mint. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (52–55/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
mint broke this story on 23 Jul, 03:30 pm. Other outlets followed.