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Newquest Sells ₹114.8 Crore of Shadowfax Shares; MIT Offloads 1.31% of Satin Creditcare

By Freedom251 Team · · 2 min read

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Newquest Asia Fund IV (Singapore), described by Moneycontrol as TPG-managed, reportedly sold 40 lakh Shadowfax Technologies shares on October 6, 2026, at ₹287 apiece, for about ₹114.8 crore. The same day, the Massachusetts Institute of Technology (MIT) reportedly sold 14.54 lakh Satin Creditcare Network shares—1.31% of the company—at ₹208.36 apiece, for ₹30.31 crore. These transaction details were reported by Moneycontrol; the trades and sellers’ resulting holdings are not independently confirmed here by exchange filings.

What shares did Newquest and MIT sell?

Moneycontrol reported that both sales took place on October 6, 2026, but involved separate investors and companies. Newquest Asia Fund IV (Singapore) sold Shadowfax Technologies shares through open-market transactions. MIT sold shares in Satin Creditcare Network, which Moneycontrol describes as a non-banking finance company.

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Seller Company and shares sold Share of equity reported Reported price per share Reported transaction value
Newquest Asia Fund IV (Singapore), described by Moneycontrol as TPG-managed 40 lakh Shadowfax Technologies shares 0.68% of paid-up equity ₹287 Approximately ₹114.8 crore
Massachusetts Institute of Technology (MIT) 14.54 lakh Satin Creditcare Network shares 1.31% ₹208.36 ₹30.31 crore

All transaction figures in the table were reported by Moneycontrol for the October 6, 2026 trades; the sale values are reported amounts, not independently verified settlement totals.

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What was known about the investors’ holdings?

Moneycontrol said Newquest held 11.53% of Shadowfax as of June 2026 and had reduced its holding by 4.86 percentage points, or 2.85 crore shares, through disposals since July 2026. It reported that MIT held 1.81% of Satin Creditcare as of June 2026. The report did not state MIT’s holding after the October 6 sale, and neither resulting holding is independently established here. These earlier holding figures should not be treated as post-transaction positions.

How did the shares trade on October 6?

Moneycontrol reported that Shadowfax closed at ₹288, down 0.36%, while Satin Creditcare rose 5.58% to ₹228.35 amid high volumes. The Shadowfax company page also identifies its NSE symbol as SHADOWFAX and displays a ₹288 close for October 6: Moneycontrol’s Shadowfax company page. These same-session price movements do not establish that either sale caused the share-price change.

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What is not established about the sales?

The reported trades do not explain why Newquest or MIT sold, and Moneycontrol’s account does not provide a named-person statement giving either investor’s rationale. The transaction details and holdings above are therefore attributed to Moneycontrol rather than presented as independently confirmed exchange disclosures.

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