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Alpha Wave sells entire 1.9% stake in Delhivery; stock falls over 2%
Global investment firm Alpha Wave Global has divested its entire 1.93% stake in logistics giant Delhivery for Rs 665 crore. This significant exit saw the firm offload over 1.44 crore shares. In related news, venture capital firm Nexus Venture Partners also sold a substantial stake in Delhivery, while Mirae Asset Venture Investments reduced its holding in logistics firm Shadowfax Technologies.
Primary market to pick up as CMR Green, Hexagon Nutrition to launch IPOs
The primary market will see some activity next week, with two companies - CMR Green Technologies and Hexagon Nutrition - slated to launch their initial public offerings (IPOs) collectively valued at nearly Rs 770 crore. As both the issues are entirely offer for sale (OFS), the companies will not receive any proceeds from the public offerings, with the entire amount going to the selling shareholders. The upcoming offerings come at a time when the primary market has witnessed subdued activity amid persistent market volatility and global uncertainties. Although several companies have received regulatory clearances in recent weeks, many have deferred their listing plans due to uncertain market conditions. So far in 2026, around 20 companies, including Fractal Analytics, Shadowfax Technologies and Bharat Coking Coal, have tapped the capital markets through main-board initial public offerings. The IPO of CMR Green Technologies, a non-ferrous metal recycler, will open for public subscript
Shadowfax eyes 30% growth in FY27, bets big on dark stores, Qcommerce push
The logistics startup plans to increase its dark store count to 100 from 15 currently in FY27 as it scales what it describes as "vertical quick commerce" category-focused hyperlocal delivery platforms spanning segments such as grocery, apparel, pet care and industrial supplies.
Shadowfax Technologies rallies 17% after robust Q4; JM Fin retains 'Buy'
Shadowfax Technologies reported a revenue of ₹1,237 crore, up 73.6 per cent from ₹712 crore in the year-ago period
Shadowfax Q4 Results: Co reports Rs 56 crore profit, revenue up 74%
Revenue for the quarter under review grew nearly 73.73 per cent year-on-year (YoY) to Rs 1,237 crore from Rs 712 crore a year ago, Shadowfax said in a regulatory filing.
Shadowfax Technologies reports consolidated net profit of Rs 55.83 crore in the March 2026 quarter
Sales rise 73.64% to Rs 1237.09 crore
Brokerages initiate coverage on Meesho, Swiggy, 3 other stocks with up to 48% upside. Do you own any?
Several brokerages have initiated coverage on Indian stocks like Meesho and Swiggy, forecasting significant upside potential. JP Morgan is 'Overweight' on Meesho with an 11% upside, while Equirus rates Swiggy a 'Buy' with a 48% potential gain. Other stocks covered include Capillary Technologies, Shadowfax Technologies, and Shyam Metallics, with analysts expressing bullish sentiments.