Mega Investment Move: Nexus Ventures Sells Delhivery Shares
Goldman Sachs, Morgan Stanley, and other investors purchased 40 lakh shares in logistics firm Delhivery from Nexus Venture Partners for Rs 186 crore, amid ongoing stake divestures by Nexus. The transaction was executed via open market deals on NSE, with shares sold at an average price of Rs 465 each.
- Country:
- India
A group of investors, including prominent financial institutions Goldman Sachs and Morgan Stanley, has made a significant acquisition of shares in the logistics company Delhivery. On Wednesday, these investors collectively purchased 40 lakh shares from Nexus Venture Partners for a substantial sum of Rs 186 crore through open market transactions.
The deal, revealed through block deal data on the National Stock Exchange (NSE), includes major buyers such as Edelweiss Mutual Fund, Nippon India Mutual Fund, and Hong Kong-based Viridian Asset Management. The shares, representing a 0.53 per cent stake in the Gurugram-based company, were acquired at an average price of Rs 465 each, culminating in the Rs 186 crore transaction.
This move comes as US-based Nexus Venture Partners continues to divest its holdings in Delhivery, having executed similar transactions previously. The logistics firm saw its share price dip nearly 2 per cent, closing at Rs 456.60 on the NSE. Last week, Nexus had sold a further stake for Rs 530 crore, following earlier divestments in June 2025 and August 2024.
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