News > SoftBank reportedly selling stake worth $150 mn in logistics firm Delhivery

SoftBank reportedly selling stake worth $150 mn in logistics firm Delhivery

Media reports said Japanese investment giant SoftBank is going to sell its stake worth $150 million in logistics firm Delhivery, which equates to around a 4 per cent stake, via a block deal. Delhivery's net loss in the September quarter (Q3) of the current financial year was more than halved to Rs 103 crore, while revenue increased by 8 per cent to Rs 1,942 crore, despite higher inflation and fund crunch.