Akshata Sharma
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Canada's largest pension fund manager Canada Pension Plan Investment Board (CPPIB) is expected to offload its remaining 3.18% stake in logistics major Delhivery via block deals worth INR 886 Cr
CPPIB is likely to sell shares of Delhivery via open market transaction on Wednesday (July 10), with the floor price set in the range of INR 378 to INR 389 apiece.
This reflects a discount of 1.6% to 4.4% from the stock's opening price on Wednesday. Shares of Delhivery opened at INR 395.60 apiece on the BSE today, up 0.8% from the previous close.
While the size of the share block to be divested by CPPIB remains unknown, the issue price has been set at INR 2,061 per share.
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