Alpha Wave exits Delhivery in Rs 665 cr block; Mirae trims Shadowfax as logistics backers cash out
Alpha Wave Global sold its entire 1.93% stake in Delhivery for Rs 665 crore via open market, dumping 1.44 crore shares at Rs 460.03-460.36 and pushing the stock down 2.21%. Mirae Asset separately offloaded ~0.97% in rival Shadowfax for Rs 120 crore, signaling a broader investor retreat from Indian e-commerce logistics.
Alpha Wave Global exited Delhivery by selling its entire 1.93% stake for Rs 665 crore via open market; stock fell over 2%. Separately, Mirae Asset sold ~1% in Shadowfax for Rs 120 crore, signaling investor exits in Indian e-commerce logistics.