Japanese conglomerate SoftBank on Friday divested a 2.5 per cent stake in built-in logistics supplier Delhivery for Rs 739 crore by way of an open market transaction.
In keeping with the majority deal information obtainable with the NSE, SoftBank by way of its affiliate SVF Doorbell (Cayman) Ltd offered 1,83,05,480 shares, amounting to a 2.5 per cent stake in Delhivery.
The shares had been disposed of at a mean worth of Rs 403.51 apiece, taking the combination deal measurement to Rs 738.64 crore.
After the transaction, SoftBank’s shareholding in Delhivery has decreased to 11.96 per cent from 14.46 per cent.
Shares of Delhivery fell 3.46 per cent to shut at Rs 399.55 apiece on the NSE.
In March, SoftBank divested a 3.8 per cent stake in Delhivery for Rs 954 crore by way of open market transactions.
Over the previous few months, SoftBank divested its stake in on-line meals ordering firm Zomato and Policybazaar’s dad or mum agency PB Fintech.
First Revealed: Nov 17 2023 | 8:58 PM IST