Nexus Ventures Sells 1.06% Delhivery Stake for Rs 344 Cr
By Rediff Money Desk, New Delhi Aug 21, 2024 20:53
Nexus Ventures Partners sold a 1.06% stake in Delhivery for over Rs 344 crore through an open market transaction. The shares were sold at an average price of Rs 440 apiece.
New Delhi, Aug 21 (PTI) Venture capital firm Nexus Ventures Partners on Wednesday sold 1.06 per cent shares in Delhivery for over Rs 344 crore through an open market transaction.
US-based Nexus Ventures Partners, through its affiliate Nexus Ventures III, sold more than 78 lakh shares or 1.06 per cent stake in Delhivery through a bulk deal on the National Stock Exchange (NSE).
The shares were disposed of at an average price of Rs 440 apiece, taking the deal value to Rs 344.06 crore.
Details of buyers of Delhivery's shares could not be ascertained.
At the end of the June quarter, Nexus Ventures III held a 7 per cent stake in the Gurugram-based integrated third-party logistics service provider, shareholding data with the bourse showed.
Shares of Delhivery settled 1.94 per cent lower at Rs 429.70 apiece on the NSE.
US-based Nexus Ventures Partners, through its affiliate Nexus Ventures III, sold more than 78 lakh shares or 1.06 per cent stake in Delhivery through a bulk deal on the National Stock Exchange (NSE).
The shares were disposed of at an average price of Rs 440 apiece, taking the deal value to Rs 344.06 crore.
Details of buyers of Delhivery's shares could not be ascertained.
At the end of the June quarter, Nexus Ventures III held a 7 per cent stake in the Gurugram-based integrated third-party logistics service provider, shareholding data with the bourse showed.
Shares of Delhivery settled 1.94 per cent lower at Rs 429.70 apiece on the NSE.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 10.67 (+ 2.50)
- 69776634
- Spicejet Ltd.
- 58.71 ( -5.06)
- 51299261
- Standard Capital
- 1.52 (+ 9.35)
- 46654145
- GACM Technologies
- 0.95 ( -5.00)
- 28597471
- GTL Infrastructure
- 2.53 (+ 4.98)
- 19162474
MORE NEWS
India Should Exempt High-Value Timber From...
The Economic Advisory Council to the PM suggests exempting high-value native timber...
Textile Sector to Create 6 Cr Jobs by 2030:...
India aims to create 4.5-6 crore jobs in the textile sector by 2030, with a target of...
TIGA Investments Acquires Stake in Dream11: CCI...
Singapore-based TIGA Investments gets CCI clearance to acquire a stake in Dream11's...