Delhivery subsidiary gets RBI NBFC registration
DELHIVERY · price
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On the reaction day the stock moved 3.2 pts less than Nifty Smallcap 250 and 2.5 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RBI has approved the application for grant of Certificate of Registration as a Type II-NBFC-ND for Delhivery Financial Services Private Limited, the wholly owned subsidiary of Delhivery Limited. The registration allows the subsidiary to operate as a non-deposit-taking non-banking finance company, subject to submission of certain documents to the RBI's satisfaction.
Opens a new lending and fintech arm for Delhivery, adding a potential revenue stream beyond its core logistics business.