April 17, 2024 01:33 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
EC bans Randeep Surjewala from campaigning for 48 hours over derogatory remarks against Hema Malini | LS poll: MK Stalin trains guns at PM Modi in his poll campaigns, calls him 'vasool raja', 'anit-Tamil Nadu' | Boat capsizes in Kashmir's Jhelum River, police recover 4 school bags; six feared dead | 'We will finish Lawrence Bishnoi': Eknath Shinde tells Salman Khan over firing incident | Top Maoist leader among 29 killed in massive Chhattisgarh encounter
Delhivery gets SEBI's nod for its Rs 7,460 IPO Delhivery IPO

Delhivery gets SEBI's nod for its Rs 7,460 IPO

India Blooms News Service | @indiablooms | 14 Jan 2022, 04:57 pm

Mumbai/IBNS: Markets watchdog Securities and Exchange Board of India (SEBI) has given its nod to new-age logistics startup Delhivery’s Rs 7,460 crore initial public offering (IPO) proposal, media reports said.

Based in Gurugram, Delhivery is backed by Softbank and Carlyle. In its draft red herring prospectus in November, the logistics company planned to raise Rs 5,000 crore through fresh issuance of shares while it will have an offer for sale (OFS) component of Rs 2,460 crore where some of its existing investors will sell part of their holdings in the Gurugram-based company, ET reported.

Delhivery is the first top-tier startup this year to have obtained Sebi’s nod to list on domestic exchanges.

Apart from Carlyle and Japan’s SoftBank Vision Fund, Times Internet, a part of the Times Group, was listed as selling shareholders in the DRHP., the report said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.