Softbank sells 1.83 crore shares of Delhivery in ₹739-crore bulk deal: NSE Data
₹403.51 per equity share, in a fresh bulk deal, showed NSE data on Friday, November 17. With this transaction, the total bulk deal amount comes around ₹739 crore, taking into account the quantity traded and the average price, as per NSE.
SVF Doorbell (Cayman) Ltd sold 1,83,05,480 shares of Delhivery at an average price of ₹403.51 per share, which leads to the total deal amount at ₹7386444234.8 or ₹739 crore. (1,83,05,480 × 403.51 = 7386444234.8).
SoftBank held a 14.5 per cent stake in the logistics firm, through SVF Doorbell (Cayman) as of September 30, exchange data showed, after it offloaded 3.8 per cent of its stake in March. Delhivery announced its July-September quarter results for fiscal 2023-24 (Q2FY24) on November 4, reporting a sharp decline of 51 per cent in consolidated net loss at ₹103 crore, compared to ₹254 crore in the corresponding period last year.
The logistic firm's net loss has more than halved at a time when growth in the e-commerce sector - which is the company’s primary customer base - slowed amid higher inflation and fund crunch. MORE TO COMEMilestone Alert!
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