Delhivery Ltd announced that it has operationalized its largest mega-gateway in Bhiwandi. The automated gateway has 196 docking stations and is designed to transact over 8,000 tonnes of freight.
Delhivery’s Q2 performance in surface express was robust. Regaining lost wallet share during Spoton’s integration along with yield improvement in the PTL business underpins the management’s focus on improving profitability, analysts said.
Delhivery shares have recovered 46% from their 52-week low of Rs 291 hit on January 27, 2023. They hit a 52-week high of Rs 576.15 on October 13, 2022.
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.