CPPIB exits Delhivery with Rs.910-Cr; offloads Nykaa shares worth Rs.256-Cr
The Canada Pension Plan Investment Board (CPPIB) has exited publicly listed, Gurgaon-based logistics company Delhivery by selling its residual 3.8% stake (2.34 crore shares) realising INR 910.2 crore.CPPIB has also divested 1.47 crore shares of publicly listed FSN E-Commerce Ventures Ltd. (which owns omnichannel beauty retailer Nykaa) realising INR 256.4 crore.In Nov 2022, CPPIB had bought equity shares worth INR 299.36 crore of Nykaa.(Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
CPPIB had invested INR 825 Cr in Delhivery in Aug 2019. In Apr-24, CPPIB had sold a 2.78% stake in Delhivery for INR 908.59 Cr.
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