Alpha Wave exits Delhivery, dumps entire 1.93% stake for ₹665 crore via bulk deals
Alpha Wave Global sold its full 1.44 crore-share holding in Delhivery at ₹460.03-460.36 apiece, pulling the e-commerce logistics stock down 2.21%. Separately, Mirae Asset trimmed ~0.97% in rival Shadowfax Technologies for ₹120 crore, signalling fresh churn among early backers of India's logistics pure-plays.
What happened
Alpha Wave Global exited Delhivery by selling its entire 1.93% stake for ₹665 crore via bulk deals, sending the e-commerce logistics stock down over 2%.
Key facts
- 1.93% stake
- ₹665 crore
- 1,44,44,800 shares
- ₹460.03-460.36/share
- stock down 2.21%
- Shadowfax: 0.97% stake, ₹120 crore
Why this matters
Concentrated block selling at ~₹460 resets the reference price for any secondary, ESOP monetization, or M&A paper—revisit deal terms and cap table stabilization options now.
What to watch
- Further bulk/block deals in Delhivery above 50 lakh shares
- SoftBank or Nexus stake disclosure changes in next shareholding pattern
- Shadowfax IPO filing or valuation leaks
- Delhivery Q3FY25 results — shipment growth and PTL margins
- Meesho Valmo in-house logistics share trajectory
- Quick-commerce players (Zepto, Blinkit) expanding into 3PL adjacencies
- Map remaining pre-IPO investor lock-in expiries and stake sizes for Delhivery
- Track buyer disclosures from today's bulk deal — domestic MF vs FPI split signals conviction
- Watch Shadowfax DRHP filing timeline; Mirae trim may presage IPO repricing
- Model Delhivery Q3 EBITDA sensitivity to Ecom Express volume migration
- Screen Blue Dart, TCI Express for sympathy moves and relative value