Delhivery Sees ₹186 Crore Block Deals as Goldman Sachs and Morgan Stanley Invest
Delhivery block deals worth Rs 186 crore see Goldman Sachs, Morgan Stanley, MFs step in; Nexus sells stake
The Economic TimesImage: The Economic Times
Delhivery, a logistics company, witnessed block deals worth ₹186 crore on Wednesday, with Goldman Sachs acquiring 6 lakh shares and Morgan Stanley purchasing 12 lakh shares. Domestic mutual funds also participated, while Nexus Venture Partners sold a significant stake. Delhivery shares have surged nearly 86% over the past year.
- 01Goldman Sachs and Morgan Stanley were key buyers in recent block deals.
- 02Nexus Venture Partners sold a substantial stake in Delhivery.
- 03Delhivery shares have outperformed major benchmarks over the past year.
- 04The company reported a consolidated net profit of ₹40 crore for the last quarter.
- 05Delhivery's stock is trading above its 50-day and 200-day moving averages.
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On Wednesday, logistics firm Delhivery experienced block deals totaling ₹186 crore. Goldman Sachs acquired 6 lakh shares at ₹465 each, amounting to ₹28 crore, while Morgan Stanley purchased 12 lakh shares for ₹56 crore. Domestic investors, including Edelweiss Mutual Fund and Nippon India Mutual Fund, also participated, acquiring shares worth ₹50 crore and ₹27 crore, respectively. On the selling side, Nexus Venture Partners offloaded 34.62 lakh shares for ₹161 crore. Delhivery's shares closed at ₹459.50, down 1.3% from the previous trading day. Over the past year, Delhivery shares have surged nearly 86%, outperforming the Nifty and BSE Sensex, which returned 6% and 4%, respectively. The company reported a consolidated net profit of ₹40 crore for the quarter ending December 31, 2025, a 59% increase year-on-year, with total revenue rising to ₹2,882 crore, up 16.4% from the previous year.
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The significant investments from major firms could enhance Delhivery's market presence and operational capabilities, potentially benefiting customers with improved services.
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