The shares of one of the leading and largest integrated logistics services providers in India slumped 4 percent in the day’s trade after reports came out that a 2.5 percent stake in the company valued at Rs. 747 Crores changed hands.
At 2:22 p.m. the shares of Delhivery Limited were trading at Rs. 400.45, down 3.24 percent from its previous day’s close price of Rs. 413.85 and its market capitalization is Rs. 29,444 Crores.
As per the reports, On November 16, Softbank’s entity SVF Doorbell (Cayman) Limited was likely, looking to sell its stake in Delhivery Limited, and the stake sale was valued at $150 million.
As, per the latest reports available, around 1.8 Crore shares or 2.51 percent stake in the company valued at Rs. 747 Crores have changed hands on November 17, 2023, at Rs. 403 per share.
As per the latest shareholding data available for the quarter ended September 2023, SVF Doorbell(Caymen) held around 14.46 percent stake consisting of 10.60 Crore shares in Delhivery Limited.
The company’s revenue grew 4.98 percent from Rs. 6,882.29 Crores in FY22 to Rs. 7,225.3 Crores in FY23, accompanied by losses of Rs. 1,011 Crores to Rs. 1,007.78 Crores.
It has reported a return on equity (ROE) of -10.98 percent and a return on capital employed (ROCE) of -9.86 percent, it is not making returns on its equity and capital employed thereby resulting in continuous losses over time.
According to the latest shareholding data available for the quarter ended September 2023, the company’s Promoters hold 0.00 percent stake, the Foreign Institutional Investors (FII) hold 65.50 percent and the Domestic Institutional Investors hold 14.68 percent.
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.
Written by: Bharath KS