Delhivery slips over 1% as 28 million shares exchange hands via block deal

At 09:15 am; around 28 million equity shares, which represented 3.8 per cent of total equity shares of Delhivery changed hands on the BSE, shows data

Shares of Delhivery were down 1.5 per cent to Rs 339 in Wednesday’s intra-day trade, after nearly 4 per cent of total equity of logistics solution provider changed hands via block deals.

At 09:15 am; around 28 million equity shares, which represented 3.8 per cent of total equity shares of Delhivery changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

According to media reports, Japanese Softbank Group planned to sell stake worth Rs 600 crore in Delhivery via block deal. As on December 31, 2022, Softbank held