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The Times of India

Business

PTI

Delhivery gets Sebi's go-ahead to raise Rs 7,460 crore via IPO

Delhivery New Delhi

NEW DELHI: Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus (DRHP).

Under the OFS, investors Carlyle Group and SoftBank as well as Delhivery's co-founders will divest their shareholding in the logistics company.

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