CPPIB sells 2.78% stake in India logistics firm

The Canada Pension Plan Investment Board is selling 2.78 per cent of its stake in India-based supply chain and logistics operator Delhivery Ltd.

The total value of the deal is roughly $110 million. Following the transaction, the CPPIB still holds a 3.18 per cent stake in the firm. The transaction also appeared in block deal data available from India’s National Stock Exchange.

Read: CPPIB invests in Indian logistics company

The investment organization first obtained its stake in Delhivery through a US$115 million investment deal in 2019. A spokesperson from the CPPIB declined to comment on the deal per policy on individual holdings.

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