India's Delhivery falls on SoftBank stake sale report

Delhivery

17/11/2023 04:28

** Shares of Delhivery Ltd  DELH.NS  fall as much as 3.7% to
a 398.5 rupees
    ** Japan's SoftBank  9984.T  likely to sell stake in co
worth $150 mln, as per Moneycontrol
    ** SoftBank currently holds 14.46% stake in co through its
vision fund
    ** Over 18.5 million shares traded across seven block deals
- National Stock Exchange data
    ** Logistics firm's stock most active since March 17, with
nearly 20 million shares traded by 9:45 a.m. IST
    ** Nineteen analysts covering the stock rate it "buy" on
avg; median PT is 450 rupees - LSEG data
    ** Stock trims YTD gains to 21.5%

($1 = 83.2500 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))