Logistics

A group of prominent institutional investors, including Goldman Sachs and Morgan Stanley, has acquired shares worth Rs. 186 crore in logistics firm Delhivery through open market transactions. The stake sale, executed by Nexus Venture Partners, reflects a strategic reshuffling of holdings in India’s fast-growing logistics sector. Additional participation from domestic and international asset managers underscores sustained investor confidence in the company’s long-term growth potential.

India has achieved a significant milestone in its logistics sector, with costs dropping to 9 per cent of GDP, according to Union Minister Nitin Gadkari. This decline, driven by the rapid expansion of expressways and economic corridors, marks a substantial improvement from the previous 16 per cent. A joint study by IIT Chennai, IIT Kanpur, and IIM Bangalore highlighted that enhanced infrastructure and streamlined freight networks are key contributors to this reduction.

Soban Lal Commodity Management (SLCM), a leading agri-warehousing and logistics company, has submitted confidential preliminary IPO documents to the Securities and Exchange Board of India (SEBI), signaling its intention to list on the main-board of Indian stock exchanges. Utilizing the confidential pre-filing route, SLCM aims to receive early regulatory feedback on its draft red herring prospectus while maintaining discretion. The move aligns with the company’s strategy to leverage technology-driven agricultural logistics solutions for market expansion.