').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
RECENT NEWS
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more