Delhivery shares erase gains after rising 1.5%; Morgan Stanley, Goldman Sachs buy stake

Shares of logistics services provider Delhivery erased intraday gains in after rising 1.5% to hit an intraday high of ₹466 on the National Stock Exchange on Thursday, April 16. Delhivery shares declined as much as 2.15% from the day's highest level to touch a low of ₹456.55.

The stock came in limelight after global investment banks like Goldman Sachs and Morgan Stanley collectively bought 40 lakh shares in the company from venture capital firm Nexus Venture Partners for ₹186 crore through open market transactions.

Edelweiss Mutual Fund (MF), Nippon India MF, and Hong Kong-based Viridian Asset Management also purchased shares in Delhivery, as per the block deal data available on the National Stock Exchange (NSE).

While, Nexus Opportunity Fund Limited and Nexus Ventures III Limited sold shares at an average price of ₹465 apiece.

A total of 40 lakh equity shares, representing a 0.53% stake in Gurugram-based company, were purchased by these entities at an average price of ₹465 apiece, taking the combined deal to ₹186 crore.

Last week, Nexus Venture Partners pared a 1.6% stake in Delhivery for ₹530 crore.

In June 2025, the venture capital firm divested a 1.6% stake in Delhivery for ₹461 crore. In August 2024, Nexus Ventures Partners sold 1.06% shares in Delhivery for ₹344 crore.

In a regulatory last month, the logistics company announced the expansion of its Economy Air Parcel Service under ‘Delhivery International’ to the United Kingdom, Canada and Australia.

“This launch is strategically timed to coincide with a transformative era in Indian foreign trade, particularly as the India-UK Free Trade Agreement (FTA) is expected to go live in the coming months, alongside ongoing trade negotiations with Canada and Australia,” Delhivery had said.

Delhivery shares ended 1.18% lower at ₹459.80 on Wednesday, underperforming the NIFTY Smallcap 100 index which surged 2.35%.