11:45 PM EST, 02/28/2023 (MT Newswires) -- Japanese investor Softbank Group (TYO:9984) is looking to sell its stake worth around 6 billion Indian rupees in Indian logistics company Delhivery (NSE:DELHIVERY, BOM:543529) via block deals, according to a report by news channel CNBC Awaaz on Tuesday, citing sources.
The block deals may be launched on Wednesday, the report said. In case of strong demand, Softbank may consider upsizing the stake it plans to divest.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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