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AZB acts for SoftBank Vision Fund on upping its Delhivery stake to 25%

Softbank Vision Fund seeks to increase its stake in logistics courier service company Delhivery, according to regulatory filings sourced by data intelligence platform paper.vc. As per the filings, the venture capital firm plans to take the secondary transaction route by purchasing shares from an existing shareholder or shareholders. Softbank plans to buy shares constituting 3.28% of the firm’s capital.
The Economic Times

SVF Doorbell (Cayman) Ltd, a subsidiary of SoftBank Vision Fund, will acquire certain further compulsorily convertible preference shares by which the aggregate holding will now be over 25%.

AZB & Partners advised SoftBank Vision Fund led by a team of partners Vinati Kastia, Daksh Trivedi and Anant Dang, and senior associate Srishti Goyal.

2019-09-18

Deal value: Confidential

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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