The Economic Times

Flipkart to double money on Shadowfax investment, to pocket Rs 600 crore profit in IPO

Flipkart is set to more than double its investment in Shadowfax as the logistics firm prepares for its IPO next week. With a 14.8% stake, Flipkarts holding could fetch Rs 929 crore at the top price band, generating a pre-exit gain of over Rs 600 crore while retaining future upside.