Softbank Sells 3.8% Stake In Delhivery For ₹954 Crore
Softbank has sold 3.8% of its stake in supply chain company Delhivery for ₹954.24 crores 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 crores. The average price per share for the shares sold was 340.8, bringing the total value to 954.24 crores. 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 2...