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SoftBank to increase its stake to over 25% in Delhivery


Softbank Vision Fund is looking to increase its stake in logistics startup Delhivery to 25.72%. It plans to do so by acquiring stakes from existing shareholders. It has sought the permission of the Competition Commission of India (CCI) to increase its stake by 3.28%.

Earlier in March this year, SoftBank had committed to invest $350 million and owned 23.41 per cent stake in Delhivery. CPPIB had also invested $115 million in the startup for 8% stake. (Source)

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