According to a declaration made in accordance with SEBI's Substantial Acquisition of Shares and Takeovers (SAST) requirements, SBI Mutual Fund has reduced its interest in logistics giant Delhivery by more than 2% from the previously declared level.
Key Highlights
- SBI Mutual Fund trimmed its Delhivery holding to 5.69%, selling over 18 lakh shares.
- Stake reduction follows earlier 7.91% holding, reflecting portfolio rebalancing under SEBI disclosure rules.
The letter claims that in April 2023, SBI Mutual Fund revealed a 7.91% ownership in Delhivery. As of right now, the fund has sold 18.18 lakh shares, or 0.24% of Delhivery's paid-up equity capital. The transaction is anticipated to be valued approximately Rs 74 crore based on Delhivery's closing price of Rs 409 on December 22.
Following the deal, SBI Mutual Fund currently owns 4.25 crore Delhivery shares, or 5.69% of the company's total paid-up share capital.
In terms of finances, Delhivery's operating revenue increased by 17% from Rs 2,190 crore in Q2 FY25 to Rs 2,559 crore in Q2 FY26. In contrast to a profit of Rs 10 crore in Q2 FY25, the company reported a loss of Rs 50 crore in Q2 FY26. Its earnings for the half-year dropped from Rs 64.5 Cr in H1 FY25 to Rs 40.5 Cr in H1 FY26, a 37% decline.
Also Read: SBI Mutual Fund invests Rs 100 Cr in Lenskart ahead of its IPO
As of 12:53 PM, Delhivery's share price was trading at Rs 409.8 on the NSE, giving the firm a market capitalization of Rs 30,656 crore, or roughly $3.4 billion.
