Private equity firm Carlyle plans to sell entire stake in logistics firm Delhivery - India Today

Private equity firm Carlyle is set to sell its entire 2.53% stake in Indian logistics firm Delhivery for $86m via its special purpose vehicle. Citigroup is the bookrunner for the transaction. Delhivery shares initially rose 7% after reports of the block deal emerged, but prices slipped later. Early investors have been exiting Indian companies this week with TPG selling its stake in Shriram Finance for $171m and Aberdeen selling its stake in HDFC Asset Management Company for $432m.

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