SoftBank, Carlyle, Times Internet To Offload Shares In Delhivery’s INR 7,460 Cr IPO

SoftBank, Carlyle, Times Internet To Offload Shares In Delhivery’s INR 7,460 Cr IPO

SUMMARY

The INR 7,460 Cr IPO includes a fresh issue of INR 5,000 Cr and an OFS by existing shareholders worth up to INR 2,460 Cr.

SoftBank’s SVF Doorbell (Cayman) Ltd holds 22.78% stake in the NCR-based company.

Delhivery’s founders Kapil Bharati, Mohit Tandon and Suraj Saharan will also offload their stake

With Delhivery filing its draft red herring prospectus (DRHP) to raise INR 7,640 Cr, SoftBank, the largest shareholder, is set to offload part of its shares worth up to INR 750 Cr in the proposed IPO.

The INR 7,460 Cr IPO includes a fresh issue of INR 5,000 Cr and an offer for sale (OFS) by existing shareholders worth up to INR 2,460 Cr.

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