Venture capital firm Nexus Ventures Partners has sold a 1.06% stake in Delhivery, an integrated third-party logistics service provider, for over Rs 344 crore. The transaction, conducted through an open market deal, involved the sale of more than 78 lakh shares at an average price of Rs 440 per share.
The sale was executed by Nexus Ventures III, an affiliate of the US-based Nexus Ventures Partners, on the National Stock Exchange (NSE). As per the shareholding data available at the end of the June quarter, Nexus Ventures III held a 7% stake in Delhivery.
Despite the significant transaction, the details of the buyers involved in acquiring Delhivery’s shares have not been disclosed. Following the transaction, shares of Delhivery experienced a decline, settling at Rs 429.70 apiece on the NSE, marking a decrease of 1.94%