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Global alternative asset manager Alpha Wave Global has exited logistics company Delhivery by selling its entire 1.93 per cent stake for Rs 665 crore through open market transactions. Following the stake sale, shares of Delhivery on Thursday fell 2.21 per cent to trade at Rs 470.40 apiece on the NSE, and the scrip also slipped 2.15 per cent at Rs 470.25 per piece on the BSE. US-based Alpha Wave Global, through its affiliate, Alpha Wave Ventures, LP, offloaded a total of 1,44,44,800 shares in two tranches, representing a 1.93 per cent stake in Delhivery, as per the bulk deal data available on the BSE and NSE. The transactions executed on Wednesday in the price range of Rs 460.03-460.36 apiece, taking the combined deal value to Rs 664.74 crore. At the end of the March quarter, Alpha Wave Ventures, LP held a 1.93 per cent stake in Gurugram-based Delhivery. On Tuesday, venture capital firm Nexus Venture Partners sold more than 43 lakh shares of Delhivery for Rs 208 crore. In a separat
Cargo transportation and logistics solutions provider Globe International Carriers Ltd on Saturday said its net profit zoomed over twofold to Rs 11.62 crore in 2025-26 following steady revenue growth and improved operational performance. The company's revenue from operations rose by 11.7 per cent to Rs 174.92 crore in FY26 compared to Rs 156.65 crore in FY25, a statement said. The group's focus on efficiency, execution and business diversification helped deliver resilient results despite a dynamic operating environment, Subhash Agrawal, Managing Director, Globe International Carriers said. In FY26, the group entered the hospitality sector through its subsidiary, Govind Kripa Infratech, which entered into an agreement with OPO Hotels & Resorts to operate and manage a 56-room upscale hotel in Jaipur. The company also launched the first phase of its proprietary AI-driven Smart Procurement & Vehicle Placement Interface, leveraging a WhatsApp-based chatbot ecosystem to automate ...
The newly-opened 594-km Ganga Expressway is expected to significantly reduce freight transit time across Uttar Pradesh, unlock annual logistics savings of up to Rs 30,000 crore and spur industrial and warehousing growth across more than a dozen districts, according to government estimates and industry players. The six-lane expressway, expandable to eight lanes, connects Meerut to Prayagraj through 12 districts, and is being projected as a major logistics and industrial corridor linking western and eastern UP. Industry estimates suggest UP currently handles around 245-260 million tonnes of intra-state freight annually, largely comprising food grains, construction material and retail goods, while outbound freight volumes are estimated at 135-150 million tonnes, driven by electronics, leather and agricultural produce. UP Industrial Development Minister Nand Gopal Gupta told PTI that the expressway would become "a new chapter" in the state's economy by accelerating industrial developmen