Delhivery shares fell more than 2% in early Thursday trading after global investment firm Alpha Wave Ventures LP sold its entire 1.93% stake in the Indian logistics company.
The divestment was executed through two bulk deal tranches on Wednesday, June 24, marking a complete exit for the investor.
22% to ₹4 in the session, reflecting immediate market reaction to the reduced institutional support.
The stock dropped as much as 2.22% to ₹4 in the session, reflecting immediate market reaction to the reduced institutional support.
The sale follows a similar move by venture capital firm Nexus Venture Partners, which offloaded its holdings in Delhivery just days earlier.
The sequential exits by prominent early-stage investors are drawing attention to the changing ownership structure of the logistics giant.
This development comes as broader market sentiment remains cautious.