SBI Mutual Fund cuts Delhivery stake to 5.69%

SBI Mutual Fund has trimmed its stake in logistics major Delhivery, bringing its shareholding down by more than 2% from the previously reported level, the fund house informed the company in a disclosure under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) regulations.

According to the letter, SBI Mutual Fund had earlier disclosed a 7.91% stake in Delhivery in April 2023. The fund has now sold 18.18 lakh shares, representing 0.24% of Delhivery’s paid-up equity capital. Taking Delhivery’s closing price of Rs 409 on December 22, the…