Shadowfax Technologies to Acquire Remaining Stake in CIPL, Making it Wholly Owned Subsidiary
Shadowfax Technologies Ltd is set to acquire the final remaining shares of Criticalog India Private Limited (CIPL) from its founders, thereby making CIPL a wholly owned subsidiary of the Company.The acquisition finalizes the Company’s stake in CIPL, which is a key player in the logistics and supply chain sector.
In a structured buying process, the Company had previously acquired significant holdings in CIPL in multiple tranches. As of January 22, 2026, Shadowfax Technologies had acquired two tranches of CIPL Equity Shares (6,716 shares, representing 72.31% of CIPL’s equity shareholding) and 15,417 CIPL Preference Shares (representing 100% of CIPL’s preference shareholding). These initial purchases collectively gave the Company 89.59% of the total shareholding of CIPL on a fully diluted basis, for a consideration of ₹ 481.55 million.
The current transaction involves the Company acquiring the last tranche of CIPL Equity shares from the founder, completing the acquisition process. Details of this current purchase show that 2,572 shares were acquired at a cost of ₹ 29,592 per share. This acquisition of 2,572 shares constitutes 10.41% of the Company’s paid up share capital.
Criticalog India Private Limited Profile
CIPL is engaged in comprehensive logistics services, including freight management, air and road express delivery, freight forwarding, intermodal transportation, warehousing, customs house clearance, trade compliance, and supply chain management.The Company stated that the primary objective of the acquisition is for strategic initiatives and to strengthen its capacity to handle high-value, critical shipments effectively.
CIPL has demonstrated consistent turnover growth over the past few fiscal years. The financial details of CIPL are as follows:
| Fiscal Year | Turnover (Rs. Millions) |
|---|---|
| FY25 | 1080.53 |
| FY24 | 919.94 |
| FY23 | 929.23 |
The completion of the acquisition is expected to be finalized by April 2026.
SHADOWFAX Stock Price Movement
Shares of Shadowfax Technologies Limited are edging higher to ₹140.87 as of 1:39 PM today, gaining 0.04% in live trading. The stock demonstrates strong momentum, noting its 52-week high of ₹145.32 and showing high liquidity with 874,910 shares traded in the current session.Source:
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