SoftBank is prone to promote a $150 million stake in India’s Delhivery

SoftBank is prone to promote a $150 million stake in Indian logistics firm Delhivery, Cash management Quoting sources, right now, Thursday.

The Japanese group could promote the shares, equal to almost 4 per cent of Delhivery’s shares, by a block deal. Cash management He stated this in a social media submit on X, previously often called Twitter. No indicative worth vary was given.

SoftBank and Delhi Freehold didn’t instantly reply to a Reuters request for remark.

SoftBank, by its subsidiary SVF Doorbell (Cayman), held a 14.5 p.c stake within the logistics firm as of September 30, after promoting a 3.8 p.c stake in March, inventory alternate knowledge confirmed.

Kotak Mahindra Capital is the advisor on the block deal, in line with him Management of cash mail.

Delhivery shares closed 0.6 per cent larger at Rs 413.85 on Thursday.