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Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics company Delhivery through its special-purpose vehicle for at least $86 million, according to a terms magazine seen by Reuters on Thursday.
Carlyle plans to sell Delhivery shares via CA Swift Investments at a floor price of Rs 385.50 apiece, compared to the last stock closing of Rs 388.60.
Delhivery shares rose as much as 7.1% on Thursday, but pared almost all the gains to trade little changed at Rs 386.70.
Carlisle, an early supporter of Delhivery, and Delhivery did not respond to Reuters requests for comment.
Citigroup is the bookmaker for the transaction.
This week saw multiple exits by early adopters in Indian companies.
US private equity firm TPG sold its entire stake in non-bank financial firm Shriram Finance for $171 million, while British asset manager abrdn plc sold its entire stake in HDFC Asset Management Co for $432 million.
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