Carlyle is looking to sell offload 2.53% stake in Gurgaon-based logistics and supply chain services firm Delhivery via a block deal, which is expected to fetch the PE firm roughly Rs 709.5 crore, as per media reports.
Reports further suggest that Carlyle is offering 18.4 million shares of Delhivery, via an entity named CA Swift Investments. This block transaction will see the PE firm exit its entire remaining shareholding in the logistics firm. The price is at a 0.9% discount to Wednesday’s closing price of Rs 388.95. CitiGroup is brokering the transaction, media reports suggest.
Carlyle’s first-ever investment in the company was in 2017, and then in 2019. Delhivery went public in May 2022. The fully integrated logistics provider with a nationwide network, servicing over 18,500 pincodes. The company has 24 automated sort centres, 94 gateways and 2,880 direct delivery centres, as per its website.