Tiger Global Sells 1.7% Stake In Delhivery For Rs 414 Cr: Report
Internet Fund III Pte’s shareholding in the company has reduced to 2.98 per cent from 4.68 per cent, after the transaction, as per media reports
Internet Fund III Pte, a fund managed by Tiger Global Management on Wednesday divested a 1.7 per cent stake in supply chain startup Delhivery for Rs 414 crore through an open market transaction, according to media reports.
Internet Fund III Pte sold 1,23,63,060 shares, amounting to 1.70 per cent stake in the company, according to the bulk deal data available with the National Stock Exchange (NSE).
As reported by a leading media wire, the shares were offloaded at an average price of Rs 335.06 per scrip, taking the aggregate deal value to Rs 414.23 crore.
Internet Fund III Pte’s shareholding in the company has reduced to 2.98 per cent from 4.68 per cent, after the transaction.
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