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SoftBank to sell $154 mn shares in Delhivery
Mint Mumbai
|November 17, 2023
Japan’s SoftBank Group Corp. will sell shares worth $154 million ( ₹1,250 crore) in Delhivery in a block deal on Friday, a term sheet for the transaction showed. The investment firm will continue to hold 10-11% in the new-age logistics firm after the sale.
SVF Doorbell (Cayman) Ltd, an entity owned by Masayoshi Son-led SoftBank, will sell 31 million shares at ₹403.5-413.85 each, a discount of not more than 2.5% to Thursday’s closing. Kotak Securities Ltd will manage the transaction.
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