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A group of institutional investors acquired a 1.6 per cent stake in Delhivery through open market transactions, with the deal valued at around INR 530 crore. The stake was sold by Nexus Venture Partners as part of its ongoing stake reduction strategy. Key buyers included BNP Paribas, SBI Mutual Fund, Edelweiss Mutual Fund, Nippon India Mutual Fund, AlphaGrep Investment Management and ICICI Prudential Life Insurance. The transaction reflects continued investor interest in the logistics sector and follows multiple stake sales by Nexus over the past two years.
A group of institutional investors collectively acquired a 1.6 per cent stake in logistics firm Delhivery through open market transactions, with the total deal valued at approximately INR 530 crore. The stake was purchased from US-based venture capital firm Nexus Venture Partners, which has been gradually reducing its holding in the company. Advertisement
The transaction involved the purchase of around 1.20 crore equity shares. The buyers included BNP Paribas, SBI Mutual Fund, Edelweiss Mutual Fund, Nippon India Mutual Fund, AlphaGrep Investment Management, and ICICI Prudential Life Insurance Company. These shares were acquired at an average price of INR 442 per share, as per block deal data available on the National Stock Exchange.
On the selling side, Nexus Venture Partners executed the transaction through its affiliates, Nexus Ventures III Ltd and Nexus Opportunity Fund Ltd, offloading an equivalent number of shares. The move is part of a broader trend of partial exits by early investors in listed new-age companies.
Following the transaction, shares of Delhivery saw positive market movement and closed higher by 3.57 per cent at INR 457.80 per share on the NSE. The rise indicates continued investor confidence in the company's business model and growth prospects, particularly in the logistics and supply chain sector, which has seen steady expansion with the growth of e-commerce and third-party logistics services.
This is not the first instance of stake dilution by Nexus Venture Partners in the company. In the past year, the firm had divested a 1.6 per cent stake for INR 461 crore. Prior to that, it sold a 1.06 per cent stake for INR 344 crore, reflecting a consistent strategy to monetise its investment following Delhivery's listing. These transactions indicate a gradual exit approach rather than a complete sell-off.
The continued participation of large domestic and global institutional investors highlights sustained interest in logistics-focused companies, especially those with established networks and scale in India's growing supply chain ecosystem.
Source PTI
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