Canada Pension Plan Investment Looking To Sell Partial Stake In Delhivery For $110 Mn
India, April 24 -- Canada Pension Plan Investment Board is reportedly looking to sell a part of its stake in logistics major Delhivery for about $110 Mn (about INR 916 Cr).
As per a Moneycontrol report, the fund plans to sell the stake via a block deal. Kotak Mahindra Capital is the advisor on the proposed deal, it said.
Canada Pension Plan Investment Board held 4.38 Cr shares in Delhivery, or a 5.96% stake, at the end of the March quarter of 2024, as per the data available with the BSE.
The value of this stake translates to about INR 1,965 Cr, as per the stock's last closing price of INR 448.65 on the BSE.
Inc42 has reached out to the Canada Pension Plan Investment Board for a confirmation on the development. The story will be update...
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