Nexus Ventures sells ₹208 crore worth of Delhivery shares

Nexus Ventures has trimmed its stake in Delhiveryby selling 43.2 lakh shares, representing a 0.6% equity stake in the company, through a block deal valued at about ₹208 crore.

The transaction was executed on the BSE at an average price of ₹481 per share.

According to the deal details, Nexus Ventures held a 4.5% stake in Delhivery as of March 2026. The latest share sale marks a partial reduction in its holding in the logistics services provider.

Earlier in the day, in a separate development, Delhivery informed exchanges that it had entered into an agreement with Bajaj Auto to deploy 200 Bajaj RIKI e-carts across its last-mile delivery network.

The company said the deployment represents the first phase of the partnership, with a second phase planned for 2026-27 that could see the addition of around 1,500 Bajaj electric three-wheelers (L3 and L5).

Prashant Gazipur, Chief Operating Officer, In-City Operations at Delhivery, said, "Our collaboration with Bajaj Auto addresses the economic well-being of our delivery partners while advancing both our environmental goals and those of our clients."

He added that the deployment across metros as well as emerging Tier-2 and smaller markets would help make the company's last-mile network safer, more financially rewarding and aligned with shared ESG goals.

Q4 results

The logistics firm reported a marginal 0.2% year-on-year decline in net profit for the fourth quarter at ₹72.4 crore, compared with ₹72.6 crore in the corresponding quarter last year.

The company's EBITDA rose 80% to ₹214.2 crore during the quarter, from ₹119.1 crore a year earlier. EBITDA margin expanded to 7.5% from 5.4% in the corresponding quarter last year.

Shares of Delhivery ended 1.63% lower at ₹475.90 on the NSE on Tuesday, down ₹7.90 from the previous close.

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