Delhivery stake sold: Morgan Stanley, Citigroup and 6 others enter...

Delhivery stake sold: Morgan Stanley, Citigroup and 6 others enter deal; buy 1.6% stake for Rs 461 crore

Posté

Delhivery witnessed significant investor activity as global and Indian entities, including Morgan Stanley and HDFC Mutual Fund, acquired a 1.6% stake for Rs 461 crore through open market deals. This transaction involved Nexus Venture Partners selling shares at Rs 387 apiece. The development follows Delhivery's recent announcement of acquiring a controlling stake in Ecom Express for Rs 1,400 crore.

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