carlyle group delhivery stake: Carlyle Group sells 2.5% stake in Delhivery for Rs 607 crore

CA Swift Investments on Monday divested a 2.5 per cent stake in provide chain firm Delhivery Ltd for Rs 607 crore via the open market transaction. CA Swift Investments is a special-purpose car, owned and managed by Carlyle Group.

Based on the majority deal knowledge obtainable with the Nationwide Inventory Trade (NSE), CA Swift Investments offloaded 1,84,04,607 shares, amounting to a 2.5 per cent stake within the firm.

The shares had been offered at a median value of Rs 330.02 apiece, taking the transaction worth to Rs 607.38 crore. Morgan Stanley Asia (Singapore) Pte-ODI acquired 48,54,607 shares of the corporate on the identical value.

As of the quarter ended September, CA Swift Investments owned a 5.07 per cent stake within the firm, shareholding knowledge confirmed with the alternate.
The logistics and provide chain firm Delhivery launched its preliminary public supply (IPO) on Could 11. It made its market debut on Could 24 and listed with a virtually 2 per cent premium towards its subject value of Rs 487. The inventory was listed at Rs 495.20, a acquire of 1.68 per cent from the difficulty value on the NSE.

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Shares of Delhivery had been down over 3% on Tuesday after the inventory hit its 52-week lay on Monday on information of the block deal.

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