Delhivery jumps on getting nod to acquire additional stake in Falcon Autotech
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Delhivery is currently trading at Rs. 407.65, up by 5.40 points or 1.34% from its previous closing of Rs. 402.25 on the BSE.
The scrip opened at Rs. 401.95 and has touched a high and low of Rs. 409.00 and Rs. 395.95 respectively. So far 34509 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 452.00 on 05-Sep-2023 and a 52 week low of Rs. 291.00 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 430.30 and Rs. 395.95 respectively. The current market cap of the company is Rs. 29891.55 crore.
The Institutions and Non-Institutions held 80.18% and 19.82%, stake in the company, respectively.
Delhivery has received approval to acquire additional 4.75% equity share capital of Falcon Autotech (an Associate Company of Delhivery) from its promoters and executives at a total consideration of around Rs 52 crore. Post-acquisition, Delhivery will have a total shareholding of 39.33% in Falcon Autotech. The Board of Directors of the Company in its meeting held on November 04, 2023, has approved the same.
Delhivery is an Indian logistics and e-commerce supply chain company.
