Shadowfax Technologies completes its 100% acquisition of Criticalog India Private Limited by purchasing the final tranche of 2,572 equity shares.
The acquisition, executed for ₹76.12 million at ₹29,592 per share, was structured in three tranches per a November 2024 agreement.
Criticalog, a logistics firm with FY25 turnover of ₹1,080.53 million, strengthens Shadowfax's capacity for high-value, critical shipments.
The transaction is classified as a related party transaction but is confirmed to be conducted at arm's length.