Alpha Wave Ventures exits Delhivery with ₹665 crore stake sale
Alpha Wave Ventures has exited its investment in Delhivery by selling shares worth ₹665 crore, representing nearly 2% of the company's outstanding capital. This move aligns with a trend of early investors liquidating their stakes in the logistics firm.
after close1 source ↓written by the desknot a recommendation
- through multiple bulk
- ₹665 crore
- The firm offloaded
- 1.44 crore shares
- of Delhivery's outstanding
- 2%
- each
- ₹460
Alpha Wave Ventures has fully exited its investment in Delhivery by selling shares worth ₹665 crore through multiple bulk deals. The firm offloaded 1.44 crore shares, approximately 2% of Delhivery's outstanding capital, at prices around ₹460 each.
This exit reflects a broader trend of early investors liquidating stakes in Delhivery, potentially impacting market sentiment and share price stability.
Not investment advice. For informational purposes only.