India, June 26 -- Amid a flurry of large deals for new-age tech stocks today, VC firm Nexus Venture Partners offloaded 1.2 Cr shares of logistics major Delhivery via block deals for INR 461 Cr.
The VC firm sold 1.02 Cr shares at INR 387 apiece from its fund Nexus Venture Partners III, raking in INR 395.2 Cr. It offloaded 17 Lakh shares from its Nexus Opportunity Fund for INR 65.8 Cr.
The shares were lapped up by Axis Mutual Fund, Citigroup Global Markets, HDFC and Ask Absolute Return Fund, Tata Mutual Fund, among others. The largest buyer was Morgan Stanley Asia Singapore, which bought over 47 Lakh shares worth INR 184.7 Cr.
Notably, Nexus Venture Partners held 4.39 Cr shares, or 5.88% stake, of the logistics company at the end of the ...
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