Delhivery issues bonus shares ahead of filing DRHP

The Delhivery logistics firm has issued a bonus shares to shareholders through the resolution that was ratified in the Extraordinary General Meeting (EGM) held on September 29.

In front of the submission of the design of the Prospectus, the IPO-bound company has decided to distribute 16.8 million bonus shares to equity shareholders in the 9: 1 ratio, report on the economic time.

Citing the submission of regulations, this report added that 90 shareholders were registered as the recipient of the bonus problem. “… 1,68,46,803 RS 10 shares each fully paid up with different numbers: from 18.71.868 to 1.87.18,670 Bonus shares (will be given) to shareholders in the company, whose names appear in the list of company members On September 28, 2021, “he said.

Furthermore, the company also wants to adjust the compulsory conversion preference shares (CCP) in 10: 1, 10 equity shares each Rs 10 for one CCPs amounting to Rs 100, he added.

Addition is the latest global fund that invests in the company, following the previous round of other Global Marquee investors.

Last month, the company announced an investment of $ 125 million (around 920 crore) from the addition of venture capital company Lee Fixel. Lee has invested and reinvested in the company since 2015.

In addition, the founder of Lee Fixel said Delhivery has established a market leading position by innovating across the logistics space and has attracted several tent investors.

In addition to addition, this includes names like Softbank Vision Fund, Global Tiger Management, Times Internet, The Carlyle Group, and Steadview Capital on.

It reports the loss of RS 284 Crore during the 2019-2020 financial year. It dropped from RS 1,781 Crore in the financial year 2018-2019. Revenues increased 74 percent to Rs 2,986.4 Crore during the financial year of 2020.

Last month, he also acquired Bengaluru-based Spoton logistics, a step that aims to strengthen his B2B’s ability further.