Internet Fund III Pte, a fund managed by Tiger Global Management, on Wednesday divested a 1.7% stake in supply chain company Delhivery for Rs 414 crore through an open market transaction.
Internet Fund III Pte sold 1,23,63,060 shares, amounting to 1.70% stake in the company, according to the bulk deal data available with the National Stock Exchange.
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The shares were offloaded at an average price of Rs 335.06 per scrip, taking the aggregate deal value to Rs 414.23 crore.
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Post the transaction, Internet Fund III Pte's shareholding in the company has reduced to 2.98% from 4.68%
On Wednesday, shares of Delivery closed 3.61% lower at Rs 336.30 apiece on NSE.