Japanese multinational conglomerate Softbank Group is looking to sell shares worth Rs 600 crore in Delhivery through block deals on Wednesday, according to reports.
The conglomerate may look at increasing the size if it gets good demand.
The shares are likely to be offered at a 3-5% discount to the current market price. On Tuesday, shares of the logistics services provider ended 0.1% lower on the NSE at Rs 344.80.
Citigroup has been appointed as the broker to the deal.
More to come…
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