According to reports, Softbank was looking at selling about 4% stake in the logistics services provider. So far in 2023, shares of Delhivery have given healthy returns of nearly 22% to investors. In March, SoftBank sold 2.84% stake in Delhivery for Rs 954.2 crore through multiple block deals in the open market.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low