Block deal: Delhivery shares in news as Carlyle may sell 2.53% stake today - Business Today

Private equity firm Carlyle is set to sell its 2.53% stake in Indian e-commerce logistics company Delhivery for INR709.5 crore ($86m) via an entity named CA Swift Investments. The sale will represent an exit from the company for the firm. Citigroup has been appointed as the sole broker for the deal. Following its recent analyst day, Delhivery's stock was given a target of INR460 by Macquarie, while Kotak Institutional Equities gave the firm a target of INR410.

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