On Tuesday, Delhivery share price surged 1% after 1.17 crore shares or 1.62% equity worth Rs 388.15 crore were dealt at an average price of Rs 330 apiece.

The buyers and sellers comprised the trade was not known immediately.

As per the shareholding data of December 2022, several foreign direct investments (FDI) companies, comprising Steadview Capital, Alpine Opportunity Fund, Gamnat, Ca Swift Investments, Alpha Wave Ventures, Sudasien Investmentfonds, Canada Pension Plan Investment Board, Internet Fund III, and Svf Doorbell, held more than 1.5% stake in the company.

Additionally, mutual funds, with Mirae Asset Emerging Bluechip Fund and SBI Equity Hybrid Fund held 1.97% and 5.78% stakes, respectively.

On March 17, Tiger Global, under its venture capital firm Internet Fund III, sold a 0.75% stake in Delhivery in an open market worth Rs 177 crore at an average price of Rs 321. This derives after the firm had previously sold a 1.7% stake in February. It held a 4.68% stake in the company till the December quarter.

Integrated Core Strategies (Asia) also sold 39,26,559 shares or 0.53% equity in the company. Vanguard, with Emerging Markets Stock Index Fund and Total International Stock Index Fund, acquired about 95.60 lakh shares, signifying a 1.3% stake in the company.

On March 1, Japanese conglomerate Softbank Group unloaded a 3.8% stake in the company for about Rs 954 crore. Softbank is the single leading public stakeholder in Delhivery with an 18.42% stake as of December-end, through its entity Svf Doorbell. Delhivery’s market cap has decayed by over 40% in the last six months.

At 11.34 am, it traded 0.88% higher on the NSE at Rs 330.80 with the benchmark Nifty up 0.36% at 17,687.80 points.