').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Softbank Arm SVF Doorbell Sells 3.8% Stake In Delhivery To Raise Rs 954 Cr
Delhivery had come out with a Rs 5,235 crore IPO in May 2022
Topics
SoftBank | Delhivery | Stake sale
Japanese conglomerate Softbank's arm SVF Doorbell (Cayman) on Wednesday divested 3.8 per cent of its stake in supply chain company Delhivery for Rs 954 crore through open market transactions.
Saudi Arabian Monetary Authority, City of New York Group Trust, Societe Generale, BNP Paribas Arbitrage, Morgan Stanley Mauritius, Baillie Gifford Emerging Markets Equities Fund were among the buyers of shares.
According to the block deal data available with the BSE, SVF Doorbell (Cayman) offloaded 2.80 crore shares in eight transactions, amounting to 3.8 per cent stake in the firm.
Delhivery had come out with a Rs 5,235 crore IPO in May 2022. Its shares last closed at Rs 348, 28 per cent below its issue price of Rs 487. The shares were sold at an average price of Rs 340.8 each share, taking the aggregate value to Rs 954.24 crore.
Post the latest transaction, the equity shareholding of SVF Doorbell (Cayman) have reduced to 14.58 per cent from 18.42 per cent stake in the company. On Wednesday, shares of Delhivery closed 1.23 per cent higher at Rs 348.40 per piece on BSE.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, March 01 2023. 21:48 IST
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more