Delhivery Share Price: Major Block Deals See Stake Transfers to Domestic and Foreign Funds

Market Performance

On Thursday, the shares of Delhivery Ltd. experienced stable trading activity, closing the session marginally lower at ₹386.05 per share. Despite the minor dip, the stock has gained 6% over the past month, though it remains below its IPO price of ₹487.

Main News: Major Institutional Buying in Block Deal

In a notable market development, several large institutional investors acquired stakes in Delhivery through block deals executed during early Thursday trading.

Key buyers included:

• Morgan Stanley Asia Singapore Pte.:
  • 28.86 lakh shares
  • 18.87 lakh shares
• Tata Mutual Fund:
  • 16.45 lakh shares
• Hill Fort India Fund LP:
  • 13.3 lakh shares
• HDFC Mutual Fund:
  • 10.97 lakh shares
• Viridian Asia Opportunities Fund:
  • 8.85 lakh shares
• Axis Mutual Fund:
  • 7.75 lakh shares
• ASK Absolute Return Fund:
  • 7.73 lakh shares
• Citigroup Global Markets Singapore:
  • 3.34 lakh shares
• Tata Equity Plus Absolute Return Fund:
  • 3 lakh shares

All shares in these transactions changed hands at an average price of ₹387 per share.

Company Details

Delhivery Ltd., a prominent logistics and supply chain services provider, has been attracting institutional interest despite the stock's current pricing being lower than its IPO value. The company is not backed by any promoters, which makes it more accessible to mutual funds and foreign institutional investors.

Key Shareholding Highlights (as of March Quarter)

• Mutual Fund Holdings: 26.53% of total shareholding
  • SBI MF: 7.32%
  • Mirae Asset MF: 6.35%
  • HDFC MF: 5.08%
  • Nippon Life India MF: 2.08%
• Foreign Investors Holding:
  • Invesco
  • Vanguard
  • Fidelity
• Retail Shareholders:
  • Around 1.7 lakh retail investors
  • Combined holding: 4.7%

Block Deal Sellers

The stake acquisition happened through an offloading by:

• Nexus Ventures III Ltd.
  • Sold: 1.02 Crore shares
  • Previously held: 5.88% (4.38 Crore shares)
• Nexus Opportunity Fund Ltd.
  • Sold: 17 lakh shares

These sales occurred during the initial trading hours of Thursday, as per stock exchange disclosures.

Summary of the Article

Shares of Delhivery Ltd. were at the center of attention as a series of block deals resulted in a significant stake transfer to both domestic mutual funds and foreign institutional investors. While the stock showed minimal movement on Thursday, the increasing institutional interest, especially from top funds like Morgan Stanley, Tata MF, and HDFC MF, reflects a continued focus on the logistics sector.

The stock remains below its IPO price, but recent trading patterns suggest increasing interest from large investors and a diversified shareholding structure, with no promoter stake and a significant presence of mutual funds.