SoftBank Initiates Block Sale of Delhivery Shares, Aiming to Raise $154 Million

In a strategic move, Japan’s SoftBank Group Corp. is set to conduct a block deal on Friday, selling shares worth $154 million in the new-age logistics firm, Delhivery. According to a term sheet for the transaction, SVF Doorbell (Cayman) Ltd, an entity owned by SoftBank, will sell 31 million shares at a price range of...