Nexus Continues Stake Sale in Delhivery
Venture capital firm Nexus Venture Partners has continued reducing its stake in logistics company Delhivery, selling shares worth ₹186 crore through block deals on the National Stock Exchange.
This comes shortly after the firm offloaded a significant portion of its holdings in the company just days earlier, indicating a gradual exit strategy.
Details of the Latest Transaction
In the latest transaction, Nexus sold:
- 40 lakh shares
- At a price of ₹465 per share
- Total deal value: ₹186 crore
The sale was executed through its funds:
- Nexus Ventures III
- Nexus Opportunity Fund
Recent Stake Sale Activity
The current transaction follows a larger stake sale last week, where Nexus:
- Sold nearly 1.2 crore shares
- At ₹442 per share
- Total value: approximately ₹530 crore ($57 million)
These back-to-back transactions highlight a consistent reduction in its holdings in Delhivery.
Strong Institutional Demand
The shares sold by Nexus were absorbed by a mix of domestic and global institutional investors.
Key Buyers:
- Morgan Stanley – acquired shares worth ₹55.8 crore
- Edelweiss Mutual Fund – purchased approximately ₹50 crore worth of shares
Other Participants:
- Goldman Sachs
- Nippon India Mutual Fund
- Viridian Asia Opportunities Master Fund
The strong participation indicates continued institutional confidence in Delhivery.
Increasing Institutional Holdings
Nippon India Mutual Fund, which already held a 2.9% stake as of December 2025, has further increased its exposure following additional investments.
Meanwhile, global players like Morgan Stanley and Goldman Sachs have entered the stock through these transactions, adding to the company’s institutional investor base.
Financial Performance of Delhivery
Delhivery has shown steady operational performance in recent quarters.
Key Financial Highlights (Q3 FY26):
- Revenue: ₹2,805 crore (up 18% year-on-year)
- Profit: ₹40 crore (up 59% year-on-year)
These numbers reflect improving profitability alongside continued revenue growth.
Market Valuation and Stock Movement
At the close of the latest trading session:
- Share price: ₹456.6
- Market capitalization: ₹34,181 crore ($3.66 billion)
The stock has remained stable despite large block deals, supported by institutional demand.
What This Means for Investors
Nexus’ continued stake sale likely reflects:
- Partial exits by early investors
- Profit booking after long-term holdings
- Portfolio rebalancing strategies
At the same time, strong institutional buying suggests confidence in Delhivery’s long-term growth prospects.
Final Thoughts
The ₹186 crore block deal by Nexus Venture Partners marks another step in its gradual exit from Delhivery.
While early investors are reducing exposure, the entry of large institutional players highlights sustained market interest in the logistics firm.
With improving financial performance and growing investor participation, Delhivery continues to strengthen its position in India’s logistics and supply chain sector.
