Carlyle to sell its entire 2.53% stake in logistics firm Delhivery

Private equity firm Carlyle will sell its entire 2.53 per cent stake in Gurugram-based logistics firm Delhivery via its special purpose vehicle CA Swift Investments, according to a report by news agency Reuters.

Carlyle plans to sell Delhivery’s 18.4 million shares at a floor price of Rs 385.50 apiece compared with the last close at 388.60. At the lower range, the total offer size is worth around Rs 710 crore ($86 million).

The global alternative asset manager acquired the minority stake in Delhivery in March 2017. In November, CA Swift Investments had offloaded a 2.5 per cent stake in the logistics firm for Rs 607 crore.