💡 Shadowfax completes acquisition of Criticalog India, making it a wholly-owned subsidiary to strengthen high-value logistics capacity.
What Happened
Shadowfax Technologies Limited has announced the completion of its acquisition of Criticalog India Private Limited (CIPL). The company is acquiring the final tranche of 2,572 equity shares, which constitutes 10.41% of CIPL's paid-up share capital. This final acquisition makes CIPL a wholly-owned subsidiary of Shadowfax Technologies.
Key Details
- Company: Shadowfax Technologies Limited
- Event Type: M&A
- Filing Date: 17-Apr-2026 13:53:37
- NSE Filing: View Document
Why It Matters
This acquisition represents a strategic move by Shadowfax Technologies to strengthen its position in the logistics sector. Criticalog India is engaged in freight management, express delivery, warehousing, and supply chain management with a turnover of approximately ₹1,080 million for FY25. By making CIPL a wholly-owned subsidiary, Shadowfax gains full control over these operations, enhancing its capacity to handle high-value and critical shipments. The acquisition aligns with Shadowfax's strategic initiatives to expand its service offerings and operational capabilities in the competitive logistics market.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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