delhivery stake sale: Softbank plans to sell Rs 600-cr stake in Delhivery via block deals tomorrow: Report
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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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…
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.
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