2024 Ahoy! Tread cautiously towards startup IPOs
Emerging from a period of stagnation spanning the past 12-16 months, nearly 40 new-age companies are preparing to go public or become IPO-ready by FY25.
delhivery company
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Delhivery shares drop 4% amid block deal buzz; Softbank likely seller
Softbank looks to raise around $150 million by selling around 4% stake in Delhivery via block deal route.
Delhivery shares jump 7% amid block deal, Carlyle likely seller
Carlyle was looking to exit Delhivery by offloading its entire 2.53% stake in the logistics firm at a base price of ₹385.5 apiece.
The Brief: Unicorns Deep in Losses, Valuations Set to Wilt
Fifty-one India-domiciled businesses racked up a cumulative loss of $6.5 billion in FY22, raising questions on rich valuations
Softbank sells 3.8% stake in Delhivery for ₹954 cr; stock down 3%
The development comes after another major global investor Tiger Global sold 1.2 crore shares in a Gurugram-based company at ₹335 apiece in Feb.
Delhivery shares fall 2% amid report of block deal
SoftBank, through SVF Doorbell (Cayman), is looking to sell its stake worth ₹600 crore in Delhivery via a block deal.
Delhivery shares fall 2% as Q3 loss widens
Net loss of the logistics services provider widened to ₹196 crore in the third quarter.
Techpreneurs Taste Public Listing
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.
Delhivery tanks 16% on tepid Q2 update
Consumer discretionary spending remained muted due to continuing high levels of inflation, says Delhivery in Q2 update.
Sensex, Nifty to rise; DreamFolks Services, Tata Motors, NTPC, HAL, L&T shares eyed
The Sensex and Nifty are poised to rise on Tuesday, tracking gains in Asian stocks and firm trends on SGX Nifty futures.
