Nexus Ventures Sells Stake in Delhivery for ₹344 Crore

Venture capital firm Nexus Ventures Partners sold a 1.06% stake in Delhivery for over ₹344 crore through an open market transaction. More than 78 lakh shares were sold at an average price of ₹440 each on the NSE. Nexus Ventures III now holds a 7% stake in Delhivery.

Venture capital firm Nexus Ventures Partners on Wednesday divested 1.06 per cent of its shares in Delhivery, raising over ₹344 crore through an open market deal.

The US-based firm, via its affiliate Nexus Ventures III, sold more than 78 lakh shares in the Gurugram-based logistics service provider on the National Stock Exchange (NSE). The shares were offloaded at an average price of ₹440 each.

Despite the significant divestment, Nexus Ventures III retains a 7 per cent stake in Delhivery. However, details of the acquirers of the stake remain undisclosed. Shares of Delhivery ended the day 1.94 per cent lower at ₹429.70 on the NSE.