Delhivery Share Price Today: Shares of logistics firm Delhivery fell more than 3 percent on Wednesday, November 22, after the company exchanged hands in a block deal worth. ₹128.9 crores. According to CNBC-TV18, about 33 lakh shares of Delhivery were traded at an average price of ₹384.75 per share, as part of the block deal today.
This comes a few days after Masayoshi Son-led Japanese tech giant Softbank sold 1.83 shares of the logistics company through its subsidiary SVF Doorbell (Cayman) at an average price of ₹403.51 per share, in a fresh wholesale deal, NSE data showed on November 17.
With the Softbank transaction, the total wholesale deal came around ₹739 crore, taking into account the traded volume and the average price, according to NSE. SVF Doorbell (Cayman) Ltd sold 1,83,05,480 shares of Delhivery at an average price of ₹403.51 per share, which leads to the total agreement amount at ₹7386444234.8 or ₹739 crores. (1.83.05.480 × 403.51 = 7386444234.8).
Read also: Softbank sells 1.83 crore shares of Delhivery in ₹739-crore wholesale deal: NSE data
SoftBank held a 14.5 percent stake in the logistics firm, through SVF Doorbell (Cayman) as of Sept. 30, exchange data showed, after it offloaded 3.8 percent of its stake in March. SoftBank invested a total of $380 million in the Indian logistics company. The wholesale deal is worth it ₹954 crore in Delhivery took place at ₹340 each
On Wednesday, shares of Delhivery opened at ₹401.95, and declined 4.81 percent to hit an intraday low of ₹382.60 per, against previous closing of ₹399.45 on the BSE.
Domestic market benchmarks Sensex and Nifty 50 closed with mild gains on Wednesday, November 22, supported by gains in select heavyweights, including Infosys, ITC and Reliance Industries, amid mixed global signals. Nifty 50 closed with a gain of 28 points, or 0.14 percent, at 19,811.85, while Sensex closed 92 points, or 0.14 percent, higher at 66,023.24.
Shares of Delhivery settled 3.53 percent lower at ₹385.35 apiece on the BSE.
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Updated: 22 Nov 2023, 18:56 IST