Softbank has sold 3.8% of its stake in supply chain company Delhivery for ₹954.24 crore via open market transactions at an average price of ₹340.80 per share.
In open market transactions on Wednesday, Japanese company Softbank sold 3.8% of its ownership in Delhivery for a total of 954 crore. The average price per share for the shares sold was 340.8, bringing the total value to 954.24 crore.
SVF Doorbell (Cayman) sold 2.80 crore shares—or 3.8% of the company—in eight transactions, according to block deal data made available by the BSE.
Shares were purchased by the Saudi Arabian Monetary Authority, City of New York Group Trust, Societe Generale, BNP Paribas Arbitrage, Morgan Stanley Mauritius, and Baillie Gifford Developing Markets Equities Fund, among others.
With its subsidiary Svf Doorbell (Cayman) Ltd., Softbank, the firm with the single-largest public interest in the logistics company, owned 18.42% of the company as of December 2022.
For the quarter that ended in December 2022 (Q3FY23), Delhivery reported a net loss of 195.7 crore as opposed to 127 crore the year prior.
Operating revenue for the company dropped from 2,019 crore in the equivalent quarter of the previous fiscal to 1,823.8 crore, a decrease of 8.5 percent.
On the BSE, Delhivery shares ended the day on Wednesday 1.23% higher at 348.40 per share. It reached a 52-week high of $708.45 on July 21, 2022, and a 52-week low of $291.00 on January 27, 2023.
On Wednesday, volumes spiked and shares of supply-chain and logistics business Delhivery increased by 2%.
Also Read:- Divgi TorqTransfer Systems IPO Opens Today To Float ₹412 Crore
According to prior reports, the Japanese investment juggernaut Softbank Group planned to sell its about 600 crore rupee share in the Gurugram-based company through block agreements.
As of December 31, Softbank held the sole publicly traded holding in the logistics company, owning 18.42% of the company through its subsidiary Svf Doorbell (Cayman). Prior to its IPO, Softbank bought more than 22% of Delhivery.
Bollywood’s favorite actor Govinda was reportedly admitted to the hospital after receiving a bullet injury…
Success: India’s cricket team created three new records in Test cricket in the Kanpur test…
The new movie "Devara: The ‘Part 1’ of the series has grossed well at the…
Turkish TikTok influencer Kubra Aykut is well known personality in the region. Ater the viral…
Defence Minister Rajnath Singh, during a public rally in Gurez, Bandipore, said that if India…
Prime Minister Narendra Modi was on campaign trail in Jammu on September 28, 2024. He…
This website uses cookies.
Read More