November 22, 2024 15:41 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi bestowed Dominica's highest award at India-CARICOM Summit | 69-year-old Delhi man, a St. Stephen's alumnus, arrested for conning govt officers by posing as ex-IPS | 'Baseless': Adani Group denies US charges of bribery and fraud against Gautam Adani | AAP's first list of candidates for Delhi polls feature six turncoats | PM Modi is incapable to arrest Gautam Adani: Rahul Gandhi after tycoon charged with bribery and fraud in the US
SoftBank sells 2.8 cr shares worth Rs 954 cr in block deal
Delhivery
Image Credit: Pixabay

SoftBank sells 2.8 cr shares worth Rs 954 cr in block deal

| @indiablooms | 01 Mar 2023, 09:21 pm

Mumbai/IBNS: SoftBank sold 2.8 crore shares worth Rs 954 crore on Wednesday in the Gurgaon-based logistics firm Delhivery through bulk deals. The sale represents 3.85% of the company's total shares, and the shares were sold at Rs 340.80 each.

Softbank, through its entity Svf Doorbell (Cayman) Ltd, holds the largest public stake in the logistics company, with an 18.42% stake as of the end of December.

Before Delhivery's initial public offering, Softbank had acquired over 22% of the company.

New York-based investment firm Tiger Global raised Rs 414 crore on February 22 by selling 1.23 crore shares of Delhivery. As of December 31, 2022, Tiger Global had a stake of 4.68% in the company.

Delhivery provides end-to-end solutions across the value chain and is one of the largest logistics companies in India.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.