PE firm Carlyle proposes to sell 2.53% stake in India's Delhivery

Delhivery

22/06/2023 04:19

BENGALURU, June 22 (Reuters) - Private equity firm
Carlyle has proposed to sell 2.53% stake held in Indian
logistics firm Delhivery  DELH.NS  via its special purpose
vehicle CA Swift Investments, according to a term sheet seen by
Reuters on Thursday.
    Carlyle plans to sell Delhivery's shares at a floor price of
385.50 apiece compared with the last close at 388.60.
    At the lower range, the total offer size is worth $86
million.
    

 (Reporting by Sethuraman NR in Bengaluru; Editing by Sohini
Goswami)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))