Nexus Continues Stake Sale in Delhivery: Offloads ₹186 Crore in Latest Deal

Nexus Venture Partners has continued trimming its stake in Delhivery through block deals on the National Stock Exchange, selling shares worth ₹186 crore just days after offloading a 1.6% stake in the company last week. In the earlier transaction, the investor sold nearly 1.2 crore shares at ₹442 apiece, raising about ₹530 crore (approximately $57 million). Building on this, Nexus, via its funds Nexus Ventures III and Nexus Opportunity Fund, divested another 40 lakh shares at ₹465 per share, taking the latest deal value to ₹186 crore.

Institutional Investors Step In

The stake sale was absorbed by a mix of domestic and global institutional investors. Morgan Stanley emerged as the largest buyer, picking up 12 lakh shares worth ₹55.8 crore, followed by Edelweiss Mutual Fund with purchases of around ₹50 crore. Other participants included Goldman Sachs, Nippon India Mutual Fund, and Hong Kong-based hedge fund Viridian Asia Opportunities Master Fund.

Shareholding Trends

As of December 31, 2025, Nippon India Mutual Fund held a 2.9% stake in Delhivery and has further increased its exposure after investing ₹202 crore in the company last week. In contrast, Morgan Stanley and Goldman Sachs did not hold any stake in the company prior to these transactions.

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Financial Performance Remains Strong

Delhivery reported a robust performance in Q3 FY26, with revenue rising 18% year-on-year to ₹2,805 crore, while net profit grew 59% to ₹40 crore, reflecting continued operational momentum.

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