Delhivery shares drop 4% amid block deal buzz; Softbank likely seller
Softbank looks to raise around $150 million by selling around 4% stake in Delhivery via block deal route.
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.
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.
The logistics company's market cap has fallen to $2.8 billion.
Consumer discretionary spending remained muted due to continuing high levels of inflation, says Delhivery in Q2 update.
Delhivery’s Q1 consolidated loss rose more than three-fold to ₹399 crore versus a loss of ₹129.6 crore in Q1 FY22; revenue rises 32% YoY to ₹1,745.7 crore