SoftBank’s SVF Doorbell (Cayman) Ltd has reduced its stake in logistics company Delhivery to 7.61% by selling 1.45 crore shares between September 2024 and June 2026. The most recent sale involved 11.2 lakh shares on June 22, 2026, via an open market transaction, according to a regulatory filing disclosed by inc42.com.
The reduction in SoftBank’s holding came alongside fresh share allotments by Delhivery on April 8, May 9, and June 9, 2026, following employee stock option exercises. These allotments increased the company’s total outstanding shares to 74.88 crore. The June 22 sale triggered a disclosure obligation under Regulation 29(2) as it breached the 2% threshold, the filing noted.
This stake reduction follows earlier exits by Delhivery’s early investors. Alpha Wave Ventures sold its entire 1.93% stake for about ₹665 crore through bulk deals, offloading around 1.44 crore shares at approximately ₹460 apiece. Nexus Venture Partners also sold 43.24 lakh shares worth ₹208 crore, marking its third stake sale in the June quarter, per inc42.com.
Delhivery’s ongoing share transactions reflect a broader trend of early investors booking profits while the company expands its share capital. The latest filing shows SoftBank’s stake now stands at 7.61%, down from 9.67% in September 2024, following multiple share sales and fresh allotments.