SBI Mutual Fund Trims Stake in Delhivery To 5.69%

SBI Mutual Fund sold 18.18 Lakh shares of Delhivery to trim its stake by 0.24% from 5.93% earlier

The asset management company held a 7.91% stake in the company in April 2023, which it has been trimming for some time

Shares of Delhivery are up about 18% year to date on the back of strong financial performance and its acquisition of rival Ecom Express

SBI Mutual Fund offloaded shares of Delhivery on Monday (December 22) to reduce its stake in the logistics company to 5.69%.

In an exchange filing, SBI Mutual Fund said…