Alpha Wave exits Delhivery with ₹665 cr block sale; Nexus trims ₹208 cr stake
Alpha Wave Global sold its entire 1.93% stake in Delhivery for ₹665 crore via open market, sending shares down 2.2%. Nexus Venture Partners offloaded ₹208 crore worth on the same day. Separately, Mirae Asset pared nearly 1% in rival Shadowfax for ₹120 crore at ₹212/share.
What happened
Alpha Wave Global exited Delhivery by selling its 1.93% stake for ₹665 crore via open market; stock fell 2%. Separately, Mirae Asset trimmed nearly 1% in
Key facts
- 1.93%
- ₹665 crore
- 1,44,44,800 shares
- ₹460.03-460.36
- ₹470.40
- -2.21%
- ₹208 crore
- ₹120 crore
- 0.97%
- ₹212
Why this matters
Loosening cap tables across listed and pre-IPO logistics names open windows for strategic stake-building or partnership talks while sentiment is soft.
What to watch
- SoftBank/Tiger/Carlyle block-sale filings on bulk-deal data
- Shadowfax IPO pricing band announcement
- Quick-commerce share-of-shipment disclosure in Delhivery Q3
- Ecom Express integration cost flow-through and synergy guidance
- Meesho IPO timeline (key customer concentration risk)
- Map remaining pre-IPO investor lock-in expiries and stake sizes for supply-overhang sizing
- Track block-deal buyer composition (DII vs FII) to gauge absorption quality
- Monitor Shadowfax DRHP/IPO pricing for read-across on 3PL multiples
- Watch Q3 EBITDA margin trajectory post Ecom Express integration