<ul><li>Indian logistics provider Shadowfax has converted into a public entity, according to a filing with the Ministry of Corporate Affairs.</li><li>Shadowfax's board of directors approved the deletion of the word 'private' from its name in an extraordinary general meeting on March 6.</li><li>The company is proposed to undertake an initial public offering (IPO) to list its equity shares on one or more stock exchanges.</li><li>The startup is expected to be valued between INR 5,000 Cr and INR 8,000 Cr through the public issue, with ICICI Securities, JM Financial, and Morgan Stanley likely to handle the offering.</li></ul>

IPO-Bound Shadowfax Converts Into A Public Entity

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