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.
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November 2023
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The Risk-taker At Allcargo
Shashi Kiran Shetty has strengthened Allcargo’s position among logistics majors by navigating a massive ransomware attack, addressing market dynamics and implementing a transformation plan.
Startup funding in India falls 29% in Q3 2023; least funded quarter in 5 yrs
Despite facing the challenges of a funding winter, India ranks as the "fifth highest funded country" in Q3 2023, says Tracxn’s Geo Quarterly Report
REC, Punjab National Bank shares rise up to 6%; here’s why
REC and PNB will co-finance loans worth ₹55,000 crore over the next three years to the power sector and infrastructure & logistics sector projects.
TVS Supply Chain Solutions slides 7% as Q1 loss widens
The share price of supply chain solutions provider snaps four sessions losing streak after its June quarter loss increased to ₹65.3 crore in Q1 FY24.
Tariff Roadblock at DFC
The Dedicated Freight Corridor project — scheduled for completion in June 2024 — needs to meet the stated objective of lowering logistics costs for users.
TVS Supply Chain Solutions shares list at premium of 5% over IPO price
Post listing, TVS Supply Chain Solutions shares gained as much as 5.9% to hit a high of ₹208.6 on the NSE, while it touched a high of ₹208.5 on the BSE.
Adani Ports rises 3% on additional stake buy by Rajiv Jain-led GQG
The investment firm picked up 22.56 lakh shares of Adani Ports through bulk deal on August 17, 2023, raising its stake in the company from 4.93% to 5.03%.
TVS Supply Chain Solutions gets SEBI approval to launch IPO
This is going to be the first TVS Group company to launch an IPO in 25 years, consisting of a fresh issue of ₹2,000 crore and OFS of up to 5.95 crore equity shares.
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.
