HighNegative
Announced Thu, 25 Jun · 10:11 IST

Delhivery share sale: Logistics stock falls over 2% after Alpha Wave Ventures sells entire 1.93% stake

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Delhivery shares fell over 2% after global investment firm Alpha Wave Ventures sold its entire 1.93% stake (1.44 crore shares) through bulk deals at an average price of around ₹460, exiting for about ₹664.7 crore. The stock dropped as much as 2.22% to ₹470 on the BSE. This follows Nexus Venture Partners' offloading of its 1.97% stake earlier, marking continued private equity exit pressure on the logistics stock.