SBI Mutual Fund cuts Delhivery stake to 5.69%

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SBI Mutual Fund has trimmed its stake in logistics major Delhivery, bringing its shareholding down by more than 2% from the previously reported level, the fund house informed the company in a disclosure under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) regulations.

According to the letter, SBI Mutual Fund had earlier disclosed a 7.91% stake in Delhivery in April 2023. The fund has now sold 18.18 lakh shares, representing 0.24% of Delhivery’s paid-up equity capital. Taking Delhivery’s closing price of Rs 409 on December 22, the…



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SBI Mutual Fund cuts Delhivery stake to 5.69%


SBI Mutual Fund has trimmed its stake in logistics major Delhivery, bringing its shareholding down by more than 2% from the previously reported level, the fund house informed the company in a disclosure under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) regulations.

According to the letter, SBI Mutual Fund had earlier disclosed a 7.91% stake in Delhivery in April 2023. The fund has now sold 18.18 lakh shares, representing 0.24% of Delhivery’s paid-up equity capital. Taking Delhivery’s closing price of Rs 409 on December 22, the…



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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