Private equity firm Carlyle Group has sold its entire 2.53% stake, equivalent to 1.84 crore shares, in supply chain management company Delhivery. Carlyle sold the stake for a sum of INR709 crore ($93.4m) in a block deal. Norges Bank acquired around 0.55% in Delhivery, while Goldman Sachs and Morgan Stanley each purchased 0.07%, and Société Générale picked up a 0.31% stake. Avendus, Citigroup, Barclays, Regal Investment Fund, and the Saudi Central Bank were among the other buyers. Carlyle had first invested in Delhivery in 2017 in a $100m funding round.
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