Carlyle Group sells 2.5% stake in Delhivery worth Rs 607 crore
- ByStartupStory | November 23, 2022
On Monday, CA Swift Investments sold a 2.5% interest in Delhivery Ltd’s supply chain business for Rs 607 crore in an open market transaction. A special-purpose entity owned and managed by Carlyle Group is called CA Swift Investments.
According to the National Stock Exchange’s (NSE) bulk deal statistics, CA Swift Investments sold 1,84,04,607 shares, or 2.5% of the firm, in the transaction. The average price at which the shares were sold brought the transaction value to Rs 607.38 crore. At the same price, 48,54,607 shares of the company were purchased by Morgan Stanley Asia (Singapore) Pte-ODI.
According to shareholding information filed with the exchange for the quarter that ended in September, CA Swift Investments held a 5.07% stake in the business. On May 11, Delhivery, a provider of supply chain and logistics services, began its initial public offering (IPO).
On May 24, it had its market debut and was listed with a premium of around 2% over its initial issue price of Rs 487. The stock was launched on the NSE for Rs 495.20, up 1.68% from the issue price. After hitting its 52-week low on Monday on news of the block deal, Delhivery’s shares fell more than 3% on Tuesday.
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