Delhivery: Fidelity, Mutual Funds Among Buyers After Canadian Pension Fund Exits

US private equity major Fidelity Investments and several domestic mutual funds are among the major buyers of Delhivery Ltd. shares after a major Canadian investor exited the company through open market transactions on Wednesday.

The Canada Pension Plan Investment Board offloaded 2.34 crore shares—representing 3.18% equity—for Rs 910 crore, according to bulk deal data on the BSE. In April, CPP Investments pared off a 2.8% stake in the supply chain and logistics firm for Rs 908 crore.

Fidelity arm FMRC Fidelity Emerging Markets Fund bought 61.9 lakh shares, representing 0.83% equity, for Rs 240 crore. ICICI Prudential Life Insurance bought 33.5 lakh shares (0.45%), and Aditya Birla Sun Life Mutual Fund mopped up 25.94 lakh shares (0.35%), among others.

The shares were traded at an average price of Rs 388.45 apiece.

Shares of Delhivery closed 1.17% lower at Rs 387.75 apiece on Wednesday, as compared with a 0.53% decline in the benchmark BSE Sensex.