SBI Mutual Fund Trims Stake in Delhivery To 5.69%

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SUMMARY

SBI Mutual Fund sold 18.18 Lakh shares of Delhivery to trim its stake by 0.24% from 5.93% earlier

The asset management company held a 7.91% stake in the company in April 2023, which it has been trimming for some time

Shares of Delhivery are up about 18% year to date on the back of strong financial performance and its acquisition of rival Ecom Express

SBI Mutual Fund offloaded shares of Delhivery on Monday (December 22) to reduce its stake in the logistics company to 5.69%.

In an exchange filing, SBI Mutual Fund said…



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SBI Mutual Fund Trims Stake in Delhivery To 5.69%


SUMMARY

SBI Mutual Fund sold 18.18 Lakh shares of Delhivery to trim its stake by 0.24% from 5.93% earlier

The asset management company held a 7.91% stake in the company in April 2023, which it has been trimming for some time

Shares of Delhivery are up about 18% year to date on the back of strong financial performance and its acquisition of rival Ecom Express

SBI Mutual Fund offloaded shares of Delhivery on Monday (December 22) to reduce its stake in the logistics company to 5.69%.

In an exchange filing, SBI Mutual Fund said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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