Delhivery Share Price : A block deal involving nearly 1.19 crore shares of logistics service provider Delhivery caused its share price to drop today. Just a few days ago, on June 17, the company disclosed in an exchange filing that the CCI had approved a proposal for an acquisition. Today, a block deal of 1.19 crore shares at ₹388 per share, valued at ₹461 crore, pushed its shares down by nearly 1.5%. Currently, the stock is trading on the BSE at ₹382.50, down 1.46%. Intraday, it slipped 1.52% to ₹382.25. Regarding the block deal, it is not yet clear who sold and who bought the shares.
Which acquisition proposal did Delhivery get approval for?
On June 17, Delhivery announced that the Competition Commission of India (CCI) approved its acquisition of a 99.4% stake in rival company Ecom Express for ₹1,407 crore. Earlier, Delhivery had stated that the acquisition would improve asset utilization and profitability. The company expects fewer challenges in acquiring Ecom Express compared to the acquisition of Spoton Logistics in 2021.
What is the current status of the shares?
Delhivery’s shares, priced at ₹487, were listed nearly three years ago on May 24, 2022. Looking at the share performance over the past year, on September 25, 2024, the stock hit a one-year high of ₹447.75, while on March 18, 2025, it reached a one-year low of ₹236.80. Looking ahead, global brokerage firm Macquarie has given Delhivery an outperform rating with a target price set at ₹380.
Disclaimer: This article is just for information. It should not be treated as investment advice in any way. Investing in the stock market is based on risk. Be sure to consult your financial advisor before investing in the stock market.
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