Recently, Japanese conglomerate SoftBank also reduced its stake in DelhiVari through separate major transactions in March 2023 and November 2023.
2 minutes of reading Latest version: April 24, 2024 | 8:50 p.m IST
The Canada Pension Plan Investment Board on Wednesday invested 2.8 per cent stake in supply chain and logistics company Delhiveri for Rs 908 crore in an open market transaction.
US financial services firms Capital Group, Fidelity Investments, HSBC and Master Trust Banker Japan Limited A/C HSBC Indian Equity Mother Fund NSE were the buyers of the shares.
The Canada Pension Plan Investment Board (CPPIB) sold 2,04,50,000 shares, equivalent to a 2.8 per cent stake in Delhiveri, according to block trade data available with the National Stock Exchange (NSE).
The average price of these shares was Rs 444.30 per share, taking the transaction value to Rs 908.59 crore.
After the latest transaction, CPPIB’s shareholding has come down from 5.96% to 3.16% (BSE shareholding data as on March 2024).
Shares of Delhiveri closed down 0.09 percent at Rs 448 on the NSE on Wednesday.
In September 2019, CPPIB announced the acquisition of 8% stake in Gurgaon-based Delhiveri for US$115 million.
Recently, Japanese conglomerate SoftBank also reduced its stake in DelhiVari through separate major transactions in March 2023 and November 2023.
(Only the headlines and images in this report may have been reworked by Business Standards staff; the rest of the content was automatically generated from syndicated sources.)
Initial Disclosure: April 24, 2024 | 8:50 p.m IST
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