Delhivery shares slide amid block deal buzz; Canada Pension Fund likely seller
CPPIB, which holds 3.18% shares in Delhivery, plans to sell its entire stake through a block deal today.
CPPIB, which holds 3.18% shares in Delhivery, plans to sell its entire stake through a block deal today.
Post Q4 results, ICICI Securities and Prabhudas Lilladher have given ‘BUY’ calls on Delhivery stock with target prices in the range of ₹530 to ₹600.
Emerging from a period of stagnation spanning the past 12-16 months, nearly 40 new-age companies are preparing to go public or become IPO-ready by FY25.
Softbank looks to raise around $150 million by selling around 4% stake in Delhivery via block deal route.
Carlyle was looking to exit Delhivery by offloading its entire 2.53% stake in the logistics firm at a base price of ₹385.5 apiece.
Fifty-one India-domiciled businesses racked up a cumulative loss of $6.5 billion in FY22, raising questions on rich valuations
The development comes after another major global investor Tiger Global sold 1.2 crore shares in a Gurugram-based company at ₹335 apiece in Feb.
SoftBank, through SVF Doorbell (Cayman), is looking to sell its stake worth ₹600 crore in Delhivery via a block deal.
Net loss of the logistics services provider widened to ₹196 crore in the third quarter.
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.