SoftBank likely to sell stake worth Rs 1,248 crore in Delhivery

Bengaluru: SoftBank is likely to sell a stake worth Rs 1,248 crore ($150 million) in Indian logistics firm Delhivery, Moneycontrol reported on Thursday, citing sources.

The Japanese conglomerate may sell the shares, which equates to a roughly 4 per cent stake in Delhivery, via a block deal, Moneycontrol said in a social media post on X, formerly known as Twitter. It did not give any indicative price range.

SoftBank and Delhivery did not immediately respond to a Reuters request for comment.

SoftBank, through its subsidiary Svf Doorbell (Cayman), held a 14.5 per cent stake in the logistics firm as of Sept. 30, exchange data showed, after it offloaded 3.8 per cent of its stake in March.