New Delhi, Canada Pension Plan Investment Board on Wednesday sold 2. per cent stake in supply chain and logistics firm Delhivery for Rs 908 crore through an open market transaction.

US-based financial services company Capital Group, Fidelity Investments, HSBC and Master Trust Banker Japan Ltd A/c HSBC Indian Equity Mother Fund were buyers of Delhivery shares on the NSE.

According to block deal data available with the National Stock Exchange (NSE), Canada Pension Plan Investment Board (CPPIB) sold 2,04,50,000 shares equivalent to 2.8 per cent stake in Delhivery.

The shares were disposed of at an average price of Rs 444.30 per piece, taking the value of the transaction to Rs 908.59 crore.

After the latest transaction, CPPIB's shareholding has dropped from 5.96 per cent to 3.16 per cent (shareholding data on BSE till March 2024 shows).

On Wednesday, Delhivery shares closed 0.09 per cent lower at Rs 448 per share on the NSE.

In September 2019, CPPIB announced that it had bought 8 percent stake in Gurugram-based Delhivery for US$115 million.

Recently, Japanese conglomerate SoftBank also reduced its stake in Delhiver through separate block deals in March and November 2023.