A group of institutional investors has acquired a 1.6% stake in logistics firm Delhivery for about Rs 530 crore, as US-based venture capital firm Nexus Venture Partners continued to reduce its holding in the company.
Exchange data from the National Stock Exchange shows that around 1.2 crore shares were sold at an average price of Rs 442 each through a combination of block and bulk deals.
The shares were purchased by a mix of domestic and international institutional investors, including BNP Paribas, SBI Mutual Fund, Nippon India Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Life Insurance Company, and another institutional investor identified in reports as either Alphamine Absolute Return Fund or AlphaGrep Investment Management.
Nippon India Mutual Fund and SBI Mutual Fund together accounted for a large portion of the purchase, acquiring 45.75 lakh shares each in a deal valued at roughly Rs 404 crore.
The stake sale was executed by Nexus through its affiliates, Nexus Ventures III and Nexus Opportunity Fund, marking another step in its gradual exit from the Gurugram-based company following its public listing.
Nexus has steadily reduced its exposure in Delhivery over time. Its holding has fallen from 10.26% at the time of the company’s initial public offering to around 4.49% by late 2025, according to reported shareholding data. The firm had earlier sold a 1.6% stake for Rs 461 crore in June 2025, and 1.06% for Rs 344 crore in August 2024.
The company has also reported improving financial performance. In the third quarter of the 2025–26 financial year, revenue rose about 18% year-on-year to Rs 2,805 crore, while profit stood at Rs 40 crore.