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Nexus Ventures Sells 1.2 Cr Shares Of Delhivery

Inc42 · 2m ago

Nexus Ventures Sells 1.2 Cr Shares Of Delhivery

Nexus Venture Partners sold 1.2 crore shares of Delhivery for INR 461 crore through block deals. The major buyers included Axis Mutual Fund, Citigroup Global Markets, HDFC, and Tata Mutual Fund, among others. Morgan Stanley Asia Singapore emerged as the largest buyer, acquiring over 47 lakh shares worth INR 184.7 crore. Most shares, 1.02 crore, were sold from Nexus Venture Partners III for INR 395.2 crore, with additional shares sold from Nexus Opportunity Fund.

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Nexus Ventures Partners sells 1.06% stake in Delhivery for Rs 344 Cr

YourStory

YourStory · 1y ago

Nexus Ventures Partners sells 1.06% stake in Delhivery for Rs 344 Cr

Venture capital firm Nexus Ventures Partners has sold 1.06% stake in Delhivery, an Indian integrated third-party logistics service provider, for over Rs 344 crore. The sale was conducted through a bulk deal on the National Stock Exchange (NSE), with Nexus Ventures III selling over 78 lakh shares at an average price of Rs 440 apiece. The buyers of the shares have not been disclosed. Prior to the sale, Nexus Ventures III held a 7% stake in Delhivery. Following the transaction, shares of Delhivery settled 1.94% lower at Rs 429.70 on the NSE.

Delhivery surges almost 7% intraday after launch of new trucking terminal in Bhiwandi

Inc42 · 1y ago

Delhivery surges almost 7% intraday after launch of new trucking terminal in Bhiwandi

Shares of Delhivery surged almost 7% during intraday trading after the logistics company announced the launch of its largest mega-gateway in Bhiwandi, one of India's largest trucking terminals. The new terminal, built over a sprawling 1.2 million square feet area, will boost Delhivery's capacity for Mumbai and the West Zone's freight shippers. Equipped with an advanced automation system, the facility can handle over 32,000 shipments and 17,000 freight units per hour. Delhivery aims to maintain world-class service and increase its presence in the logistics market.

Canada Pension Plan Investment Board Exits Delhivery By Selling Remaining 2.34 Cr Shares

Inc42 · 1y ago

Canada Pension Plan Investment Board Exits Delhivery By Selling Remaining 2.34 Cr Shares

Canada Pension Plan Investment Board (CPPIB) recently sold its shares in logistics unicorn Delhivery in multiple block deals worth INR 910.2 Cr. This comes after CPPIB had already offloaded 2.04 Cr shares in April, resulting in a complete exit from Delhivery. Several funds, including HSBC, ICICI Prudential, BofA Securities, Societe Generale, Aditya Birla Sun Life Mutual Fund, and Nippon India Mutual Fund, were among the buyers.

TTK Prestige announces share buyback at Rs 1,200 per share to raise up to Rs 200 cr

Money Control

Money Control · 1y ago

TTK Prestige announces share buyback at Rs 1,200 per share to raise up to Rs 200 cr

TTK Prestige has announced a share buyback plan to raise up to Rs 200 crore. The company plans to buy back 16.67 lakh shares at a price of Rs 1,200 per share. This represents 1.2% of the company's total paid-up equity shares. The record date for the buyback has been set as August 14, 2024, and further details will be released in accordance with the Buyback Regulations. Inga Ventures Private Limited has been appointed as the Manager for the proposed buyback.

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Inc42 · 1y ago

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.

Delhivery, AWS and Nexus launch startup accelerator Velocity for logistics companies

Economic Times

Economic Times · 1y ago

Delhivery, AWS and Nexus launch startup accelerator Velocity for logistics companies

Logistics major Delhivery has partnered with Amazon Web Services (AWS) and Nexus Venture Partners to launch a six-week accelerator program called Velocity for logistics startups. The inaugural edition of Velocity had 20 selected startups, receiving mentoring and insights on fundraising strategies and growth hacking. Delhivery aims to build a logistics ecosystem to help new entrepreneurs transform their ideas into functional business solutions in the rapidly growing logistics industry.

Moneyview Turns Unicorn After Raising $4.6 Mn From Accel India, Nexus Ventures

Inc42 · 11m ago

Moneyview Turns Unicorn After Raising $4.6 Mn From Accel India, Nexus Ventures

Accel and Nexus have both invested in Moneyview, with Accel investing INR 19.5 Cr and Nexus investing INR 19.1 Cr. This could be part of a larger funding round. Moneyview has now reached a valuation of $1.2 Bn, making it the sixth startup to become a unicorn in 2024. Additionally, Moneyview has acquired earned wage access platform Jify to expand its range of services.

Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures

Entrackr

Entrackr · 1y ago

Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures

Atomgrid, an R&D-first platform for contract development, manufacturing and sourcing of specialty chemicals, has raised Rs 10 crore (around $1.2 million) in its seed round led by Merak Ventures. The round also saw participation from Dexter Ventures, Upsparks, Point One Capital and UniCards’s founders Nitin Gupta and Prateek Jindal. The proceeds will be used to expand its in-house R&D infrastructure, increase global outreach, build a supply chain tech platform and hirings, the firm said in a press release. Founded by Lakshit Bansal, Siddharth Gupta and Pratik Chowdhury, Atomgrid is an R&D first platform for contract development, manufacturing and sourcing of specialty chemicals. The platform aims to empower Indian chemical manufacturers to establish a global footprint by solving critical challenges faced by them on R&D, global outreach, raw material sourcing and tech enablement. Atomgrid competes with 3one4 Capital-backd Scimplifi and Nexus-backed Covvalent. The investment in Atomgrid marks Merak’s third significant investment of the year. Previously, it invested in Farmtheory and Rupyz.

Jeff Bezos is selling 50 million Amazon shares this year — could this mean big changes to come?

Techradar

Techradar · 1y ago

Jeff Bezos is selling 50 million Amazon shares this year — could this mean big changes to come?

Amazon founder Jeff Bezos plans to sell up to 50 million shares in the company before January 31, 2025. The shares, valued at around $8.6 billion, will be part of a previously outlined plan. Amazon shares rose 8% after strong quarterly earnings. Bezos remains an executive chairman for the company with 988 million shares and a net worth of $197 billion, making him the second wealthiest person globally. The decision to sell raises questions about Bezos's financial strategies and interests. He also sells around $1 billion in stock per year for his space ventures company, Blue Origin.

Delhivery Expands ESOP Pool With 73,300 Stock Options

Inc42 · 9m ago

Delhivery Expands ESOP Pool With 73,300 Stock Options

Delhivery, a logistics company, has received approval from its board to grant 73,300 equity shares. Each stock option is convertible into one fully paid-up equity share with a face value of INR 1 each. The stock options will be vested 10% upon the completion of 12 months from the date of grant. Delhivery had recently allotted 8.6 lakh equity shares under its Employee Stock Ownership Plan (ESOP).

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