
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.
SoftBank, through SVF Doorbell (Cayman), is looking to sell its stake worth ₹600 crore in Delhivery via a block deal.
Mahindra Logistics has acquired B2B express business of Gurugram-based logistics firm Rivigo Services for cash consideration of ₹225 crore.
The new policy also aims to improve India's Logistics Performance Index ranking.
The National Logistics Policy aims to reduce the cost of logistics in India to be comparable to global benchmarks by 2030 and improve the country’s Logistics Performance Index (LPI) ranking.
Delhivery’s Q1 consolidated loss rose more than three-fold to ₹399 crore versus a loss of ₹129.6 crore in Q1 FY22; revenue rises 32% YoY to ₹1,745.7 crore
The IPO was subscribed 4% in early hours, with quota for retail investors and employees receiving 21%, and 3% bids, respectively.
Mahindra Logistics expects a slower start to the year due to Ukraine crisis, and a pick up across segments in the later part of the year.
A SaaS logistics tech startup, Locus today counts conglomerates like Unilever and Tata Group among its clients.
Investment of ₹1 lakh in this multibagger stock at ₹3.15 apiece in February last year would have now turned into around ₹46 lakh.
India incurs the highest logistic cost (14%) in the world as a percentage of GDP in comparison to the likes of the US and Germany (8%-9%).