Internet Fund III Pte, a fund managed by Tiger Global Management, has divested a 1.7 per cent stake in supply chain company Delhivery for Rs 414 crore through an open market transaction. Internet Fund III Pte sold 1,23,63,060 shares, amounting to 1.70 per cent stake in the company.
The shares were offloaded at an average price of Rs 335.06 per scrip. Post the transaction, Internet Fund III Pte's shareholding in the company has reduced to 2.98 per cent from 4.68 per cent.
Delhivery is an Indian logistics and e-commerce supply chain company.
