Delhivery earmarks ₹1,250 crore for acquisitions
The Hindu
Delhivery Ltd., a fully-integrated logistics services player, has earmarked ₹1,250 crore for funding inorganic growth through acquisitions and other strategic initiatives, the company said in its draf
Delhivery Ltd., a fully-integrated logistics services player, has earmarked ₹1,250 crore for funding inorganic growth through acquisitions and other strategic initiatives, the company said in its draft red herring prospectus filed with SEBI.
The company is planning to raise fresh capital of ₹5,000 crore to fuel its growth and expansion plans. The proposed IPO will also include an offer-for-sale amounting to ₹2,460 crore.
It said it will continue to look for high-quality acquisition and investment opportunities within and outside India that are complementary to its business or that enable it to build new, valuable capabilities for customers, strengthen or establish its presence in key target markets in India and globally.
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