SoftBank Vision Fund is exploring a secondary share purchase of approximately 3.3% of the logistics provider's shares for roughly $50m, to take its stake above 25%.

Telecommunications conglomerate SoftBank’s Vision Fund is looking to buy a 3.28% stake in India-based e-commerce logistics services provider Delhivery from existing backers, Times of India reported on Tuesday, citing a regulatory document. The secondary share purchase could be priced at approximately $50m according to Paper.vc, and may involve Times Internet, the digital services subsidiary of…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.