Nexus Ventures has sold a 0.6% stake in Delhivery for approximately ₹208 crore through a block deal involving 43.2 lakh shares. According to reports from CNBC TV18, the transaction was executed on the BSE at an average price of ₹481 per share. This divestment represents a significant reduction in Nexus Ventures' holding in the logistics company, with the firm holding a 4.5% stake in Delhivery as of March 2026 before this transaction.
In a separate development, Delhivery announced a strategic partnership with Bajaj Auto to deploy 200 Bajaj RIKI e-carts across its last-mile delivery network. As reported by CNBC TV18, this deployment represents the first phase of the partnership, with a second phase planned for 2026-27 that could see the addition of around 1,500 Bajaj electric three-wheelers (L3 and L5). Prashant Gazipur, Chief Operating Officer, In-City Operations at Delhivery, stated that the collaboration addresses economic well-being of delivery partners while advancing environmental goals.
Delhivery reported mixed financial results for the fourth quarter, with net profit declining marginally by 0.2% year-on-year to ₹72.4 crore, compared with ₹72.6 crore in the corresponding quarter last year. According to CNBC TV18, the company's EBITDA rose 80% to ₹214.2 crore during the quarter, from ₹119.1 crore a year earlier. The EBITDA margin expanded to 7.5% from 5.4% in the corresponding quarter last year, indicating improved operational efficiency.
Shares of Delhivery ended 1.63% lower at ₹475.90 on the NSE on Tuesday, declining by ₹7.90 from the previous close. As reported by CNBC TV18, this market reaction occurred despite the company's strong EBITDA growth and strategic electric vehicle partnership announcements.
