SoftBank sells shares worth Rs 954 crore in Delhivery

SoftBank has sold 3.85% or 2.8 crore shares worth Rs 954 crore in Gurgaon- based logistics firm Delhivery through bulk deals on Wednesday. Shares were sold at Rs 340.80 apiece.

SoftBank is the largest public stakeholder in the logistics company, holding an 18.42% stake as of December 31, 2022, through its entity SVF Doorbell (Cayman) Ltd. Softbank acquired over 22% stake in the company in October 2018.