SoftBank trims Delhivery stake to 7.61% as early backers cash out post-listing

SoftBank's SVF Doorbell sold 1.45 Cr Delhivery shares since Sept 2024, cutting its stake from 9.67% to 7.61%. The exit follows Alpha Wave's ₹665 Cr and Nexus's ₹208 Cr block deals, even as Delhivery posted ₹2,850 Cr Q4 revenue (+30% YoY) and ₹72.4 Cr net profit.

— Source publishedThu, 25 Jun, 2026, 11:10 IST·First seen Thu, 25 Jun, 2026, 11:12 IST·Source Inc42

What happened

SoftBank's SVF Doorbell cut its Delhivery stake to 7.61% from 9.67%, selling 1.45 Cr shares since Sept 2024. Follows recent exits by Alpha Wave (₹665 Cr) and

Key facts

  • 7.61% stake
  • 1.45 Cr shares sold
  • 11.20 Lakh shares on June 22
  • Q4 FY26 net profit ₹72.4 Cr
  • operating revenue ₹2,850 Cr (+30% YoY)
  • ₹1,800 Cr revenue pipeline
  • share price ₹470.80

Why this matters

Diminishing strategic anchor ownership opens the cap table for new institutional or strategic stakes—worth tracking as a potential partnership or consolidation entry point.

What to watch

  • SoftBank stake crossing below 5% disclosure threshold
  • Carlyle/Tiger/SAIF residual positions filing intent
  • Q1FY26 PTL volume growth and Express yield trajectory
  • Meesho/Flipkart captive logistics share shifts
  • Block deal floor price vs 30-day VWAP
  • Track block deal tape for SoftBank residual 7.61% lot sizes and discount-to-LTP
  • Model FY26 EBITDA on PTL+Express mix; stress-test Meesho contribution post-Valmo insourcing
  • Map domestic MF holdings delta QoQ to gauge absorption capacity
  • Watch Ecom Express IPO pipeline for read-across on logistics multiples

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