SoftBank likely sold 2.5% stake worth Rs 747 cr in Delhivery ...Middle East

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SoftBank likely sold 2.5% stake worth Rs 747 cr in Delhivery
New Delhi: Integrated logistics provider Delhivery on Friday saw 2.51 per cent of its shares worth Rs 747 crore exchanging hands in a block deal, with Japanese investment giant SoftBank as likely seller. Around 1.8 crore shares of Delhivery changed hands at Rs 403 per share. Moneycontrol was on Thursday first to report about Softbank’s move to sell some of its stake in the logistics firm in a block deal valued at $150 million. Before the block sale, SoftBank, via its subsidiary Svf Doorbell (Cayman), had a 14.6 per cent stake in the logistics firm. The Delhivery stock was hovering around Rs 402.5 in early trade. Over the past few months, Softbank has divested its stake in Zomato and Policyb

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