Delhivery undergoes huge block deal worth Rs. 709.5 crore as CA Swift Investments exits

CA Swift Investments sold its entire stake in Delhivery worth Rs 709.5 crore and exited from the stake ownership. There were a total of 34 buyers the majority of them being foreign investors.

India’s leading Logistics solution provider, Delhivery went through a huge block deal on Thursday. The seller in the block deal was CA Swift Investments which sold its entire stake in Delhivery worth Rs 709.5 crore and exited from the stake ownership.

There were a total of 34 buyers the majority of them being foreign investors. Norway-based Norges Bank was the largest buyer, while other names included Societe Generale, Saudi Central Bank, and BNP Paribas. The block deal was carried out on the Bombay Stock Exchange (BSE).

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According to the data published by BSE, CA Swift Investments offloaded their entire stake of 1,84,04,607 equity shares in the logistics company. The total equity accounted for 2.53% of the company. The price per share during the deal was Rs 385.5 and the total transaction was worth Rs Rs 709.5 crore. Norges Bank on Account of Government Petroleum Fund made an investment of Rs 156.77 crore and brought 4,066,805 equity shares of Delhivery. France-based financial service provider, Sociate Generale grabbed 2,320,607 shares against a value of Rs 84.5 crore.

Saudi Central Bank purchased 2,207,195 shares against Rs 85.09 crore and BNP Paribas made an investment of Rs 60,52 crore by buying 1,570,000 equity shares of Delhivery. Other major investors in the deal were Goldman Sachs (Singapore) Pte which brought 5.40 lakh shares and Morgan Stanley Mauritius Company which purchased 5.20 lakh shares. TT Emerging Markets Equity Funds and TT Emerging Markets Opportunities Fund II Limited purchased 6.35 lakh and 6.98 lakh shares respectively.

Other major investors in the deal included, Washington State Investment Board, VFM Emerging Markets Trust, Tesltra Super PSY Ltd, Tesman Market Neutral Fund, Amazon Market Neutral Fund, Barclays Multi-Manager Fund Public, AIA Singapore Pvt Ltd, and CitiGroup Global Markets Mauritius among others.

On Thursday, the share price of Delhivery finished at Rs 386.65 which was a fall of 0.45% on BSE post the block deal.