US funding majors Capital Group and Constancy Investments are among the many main patrons of Delhivery Ltd. shares, after a serious Canadian investor pared stake within the firm by open market transactions on Wednesday.
The Canada Pension Plan Funding Board offloaded 2.04 crore shares—representing 2.78% fairness—for Rs 908 crore, based on bulk deal knowledge on the NSE. The abroad investor held a 5.96% shareholding in Delhivery as of March.
Capital Group, by two totally different funds, purchased 1.59 crore shares (2.16%) for Rs 707.7 crore. Constancy invested Rs 166.6 crore in Delhivery for 37.5 lakh shares (0.48%), whereas HSBC acquired 7.7 lakh shares (0.09%) for Rs 34 crore.
Final month, Chimetech Holding divested a 1% stake within the logistics and provide chain firm for Rs 360 crore.
Shares of Delhivery closed flat at Rs 448.65 apiece on Wednesday, as in contrast with a 0.16% advance within the BSE Sensex.