Morgan Stanley, Citigroup, 6 others purchase 1.6% stake in Delhivery for Rs 461 crore
In addition to, HDFC Mutual Fund (MF), Axis MF, Tata MF, ASK Asset & Wealth Administration, Hill Fort Capital and Hong-Kong-based funding supervisor Viridian AM bought shares of the Gurugram-based Delhivery, as per the block deal on the NSE.
The entities picked up over 1.19 crore fairness shares or 1.6 per cent stake within the firm at a median worth of Rs 387, taking the mixed worth to Rs 461 crore.
In the meantime, enterprise capital agency Nexus Enterprise Companions, by its associates Nexus Alternative Fund and Nexus Ventures III, offloaded an equal variety of shares on the similar worth.
Within the March quarter, Nexus Ventures III owned a 5.88 per cent holding in Delhivery.
Shares of Delhivery slipped 0.54 per cent to shut at Rs 386.05 per piece on the NSE.In April, Delhivery introduced the acquisition of Ecom Specific for a money consideration of about Rs 1,400 crore to scale up its enterprise.
The corporate stated it has “signed a definitive settlement to amass a controlling stake in Ecom Specific for a money consideration of round Rs 1,400 crore from its shareholders”.
