Nexus Ventures Partners Dilutes 1.06% Stake In Delhivery For Rs 344 Cr
At the end of Q1 FY25, Nexus Ventures III holds 7 per cent stake in the Gurugram-based Delhivery, as per media reports
On Wednesday, venture capital firm Nexus Ventures Partners sold its 1.06 per cent shares in Delhivery for over Rs 344 crore through an open market transaction, according to media reports.
US-based Nexus Ventures Partners sold more than 78 lakh shares or 1.06 per cent stake in Delhivery through a bulk deal on the National Stock Exchange (NSE) via Nexus Ventures III, at an average price of Rs 440 apiece, taking the deal value to Rs 344.06 crore. However, buyers of Delhivery‘s shares have not yet been disclosed.
Delhivery is a logistics and supply chain company, based in Gurgaon, founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. At the end of Q1 FY25, Nexus Ventures III held a 7 per cent stake in the Gurugram-based integrated third-party logistics service provider, as per media reports.
This led to shares of Delhivery settling 1.94 per cent lower at Rs 429.70 a piece on the NSE.
