Nexus Ventures Sells Partial Stake In Delhivery

Nexus Ventures III and Nexus Opportunity Fund sold a combined 1.6% stake in Delhivery Ltd. via a bulk deal on the National Stock Exchange on Thursday. Nexus Ventures offloaded 10.21 million shares, or 1.4%, at ₹387 apiece, totalling nearly ₹4 billion. Nexus Opportunity sold 1.7 million shares at the same price, amounting to ₹657.95 million.

As of March 31, Nexus Ventures held close to 6% in Delhivery, while the shareholding details of Nexus Opportunity were not available on NSE.

Morgan Stanley Asia Singapore PTE emerged as the largest buyer, acquiring 4.77 million shares, or a 0.6% stake, at ₹387 per share. Tata Mutual Fund bought 1.65 million shares, while Hill Fort India Fund LP and HDFC Mutual Fund picked up 1.3 million and 1.1 million shares, respectively. Other buyers included ASK Absolute Return Fund, Axis Mutual Fund, and Citigroup Global Markets Singapore PTE.