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The Economic Times

Alpha Wave sells entire 1.9% stake in Delhivery; stock falls over 2%

Delhivery Alpha Wave Global BSE Nexus Venture Partners Shadowfax NSE United States

New Delhi, Global alternative asset manager Alpha Wave Global has exited logistics company Delhivery by selling its entire 1.93 per cent stake for Rs 665 crore through open market transactions.

Following the stake sale, shares of Delhivery on Thursday fell 2.21 per cent to trade at Rs 470.40 apiece on the NSE, and the scrip also slipped 2.15 per cent at Rs 470.25 per piece on the BSE.

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