New Age firm which is one of the leading and largest integrated logistics services providers in focus after Blackstone, Bofa Securities, Morgan Stanley, Societe Generale, and many others picked a stake in it.
Price Action
With a market capitalization of Rs. 27,844 Crores, the shares of Delhivery Limited were trading at Rs. 377.25 per equity share, down 2.71 percent from its previous day’s close price of Rs. 387.75.
What Happened
As per the block deal data available on BSE, Canada Pension Plan Investment Board (CPPIB), one of the world’s largest retirement funds, sold a 3.18 percent stake in Delhivery Limited at an average price of Rs. 388.45 for a consideration of ~Rs. 900 Crores. Following this listed below are the entities that have picked the shares of the company.
Among many Foreign Institutional Investors picked shares of the company as follows Bofa Securities picked 2.96 Lakh Shares, Societe Generale 25.80 Lakh Shares, Morgan Stanley 24.70 Lakh shares, Blackstone picked 2.6 Lakh shares, Goldman Sachs 5.4 Lakh shares, TT Emerging Funds 23.63 Lakh shares, Citigroup 2.6 lakh shares and many others.
Some Domestic Institutional Investors who have picked shares of the company are Nippon India Mutual Fund 25.20 Lakh shares, Aditya Birla Sun Life Mutual Fund 40 Lakh shares, ICICI Prudential Life Insurance Company Limited 33.50 lakh shares and many others.
About the Company
Delhivery Limited is one of the leading and largest integrated logistics services providers in India. It provides a full range of Logistics services, including delivery of express parcels and heavy goods, partial truckload shipping, full truckload shipping, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
It has a well-planned operational infrastructure and facilities with over 111 gateways, 29 automated sort centers, 129 service centers, and 3,506 express delivery centers, with a reach to over 18,793 pin codes, with services to over 220+ countries and territories and 33,278 active customers.
In Q4FY24, it generated 59 percent of its revenue from express parcels, 20 percent from partial truckloads, 8 percent from truckloads, 11 percent from supply chain services, and 2 percent from cross-border services
Financials
Its revenue from operations grew by 12.68 percent from Rs. 7,225 Crores in FY23 to Rs. 8,142 Crores in FY24, accompanied by decreasing losses of Rs. 1,008 Crores to Rs. 249 Crores.
Written by: Bharath K.S
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