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Delhivery Block Deal: Canadian pension fund pares stake; These funds were buyers
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
None of the buyers had a stake in Delhivery at the end of the March quarter. 21 domestic mutual funds currently hold a 17.82% stake in the company.
The Canada Pension Plan Investment Board pared 2.77% stake in logistics services provider Delhivery Ltd. via block deals on Wednesday. The CPPIB, which earlier had a 5.96% stake in Delhivery for the quarter that ended on March 31, 2024, now has a 3.18% stake left in the company.
As many as 2 crore shares of Delhivery, valued at over ₹900 crore had changed hands in a block deal on Wednesday.
Fidelity Funds, HSBC, and the Smallcap World Fund were among the buyers in the Delhivery block deal on Wednesday. Shares had changed hands at an average price of ₹444.3 per share. The Smallcap World Fund acquired a lion’s share of the block, purchasing 1.87% stake.
None of the buyers had a stake in Delhivery at the end of the March quarter. 21 domestic mutual funds currently hold a 17.82% stake in the company.
Akash Prakash’ Amansa Holdings also has a 1.18% stake in Delhivery.
Among other shareholders who own a stake in Delhivery include the likes of Softbank, Baillie Gifford, Times Internet and Fedex Express Transportation and Supply Chain Services.
Shares of Delhivery are trading 2.9% higher on Thursday at ₹461.55. It is one of the few new age listings apart from Paytm that are still trading below their IPO price. The stock is currently trading 5% below its IPO price of ₹487. Delhivery had made its stock market debut in 2022.
Over the last 12 months, the shares of Delhivery have risen 27%, of which, the stock has surged 20% in 2024 itself.
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