Delhivery: Carlyle to sell 2.53% in Delhivery today

Mumbai: American private equity firm Carlyle will sell a 2.53% stake in ecommerce logistics company Delhivery on Thursday, which will fetch the PE firm as much as ₹709.5 crore, or $86 million, deal terms seen by ET showed. With this block deal, Carlyle will exit its entire remaining shareholding in Delhivery.

Carlyle, through an entity named CA Swift Investments, is offering 18.4 million shares of Delhivery at a price of ₹385.5 per share, a discount of 0.8% to the stock’s closing price of ₹388.6 per share on the National Stock Exchange on Wednesday.

Citigroup is the broker for the block deal.

Carlyle had first invested in Delhivery in 2017 in a $100 million funding round and later added to its investment in 2019 in a $395 million round led by SoftBank.

Delhivery went public in May 2022, where it had priced its shares at ₹487 apiece, raising ₹5,235 crore through a mix of primary and secondary stock sales.

At the time of the IPO, Carlyle had sold 9.3 million shares for a sum of ₹454 crore. Carlyle held a 7.16% stake before the IPO.

In November 2022, Carlyle had sold a 2.5% stake for a sum of ₹607 crore.

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