delhivery: SoftBank likely to sell stake worth $150 million in India’s Delhivery: report

israel: Israel's judicial proposals prompt startups to relocate: government agency


SoftBank is likely to sell a stake worth $150 million in Indian logistics firm Delhivery, Moneycontrol reported on Thursday, citing sources.

The Japanese conglomerate may sell the shares, which equates to a roughly 4% stake in Delhivery, via a block deal, Moneycontrol said in a social media post on X, formerly known as Twitter. It did not give any indicative price range.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
IIM Lucknow IIML Executive Programme in FinTech, Banking & Applied Risk Management Visit
MIT MIT Technology Leadership and Innovation Visit
Indian School of Business ISB Professional Certificate in Product Management Visit

SoftBank and Delhivery did not immediately respond to a Reuters request for comment.

SoftBank, through its subsidiary Svf Doorbell (Cayman), held a 14.5% stake in the logistics firm as of Sept. 30, exchange data showed, after it offloaded 3.8% of its stake in March.

Kotak Mahindra Capital is the advisor on the block deal, Moneycontrol’s post said.

Delhivery’s shares closed 0.6% higher at 413.85 rupees on Thursday.

Discover the stories of your interest

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.



Source link

Online Company Registration in India

Leave a Reply

Your email address will not be published. Required fields are marked *