SoftBank likely to sell stake worth $150 million in Delhivery

SoftBank is likely to sell a stake worth $150 million in Indian logistics firm Delhivery, Moneycontrol reported on Thursday, citing sources.

The Japanese conglomerate may sell the shares, which equates to a roughly 4% stake in Delhivery, via a block deal, Moneycontrol said in a social media post on X, formerly known as Twitter. It did not give any indicative price range.

(More to come)

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Updated: 16 Nov 2023, 08:37 PM IST