Carlyle was likely to sell a little more than 1.84 crore equity shares, or 2.53 per cent stake, of the company through the bulk deal at and offer price of Rs 385.5 apiece.
The deal is expected to fetch the PE firm as much as Rs 709.5 crore, or $86 million, deal terms, ET reported. With this block deal, Carlyle will exit its entire remaining shareholding in Delhivery.
Delhivery saw a block deal worth nearly INR 709.5 crore ($95.4m) on 29 October, as CA Swift Investments exited by selling its entire stake and foreign investors, including Norway s Norges Bank and Societe Generale, bought shares. In total, 34 investors purchased shares of Delhivery.
​Under the proposed deal, Carlyle will sell about 1.84 crore shares or 2.53% stake in the company. The offer price is set at Rs 385.5 apiece, which is at a minor discount of 0.6% from the last traded price. Through the stake sale, Carlyle is likely to earn about Rs 709 crore.