Delhivery hits all-time low, market cap falls below 2021 private valuation

Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 billion, falling below the valuation at which it raised capital from private investors in 2021, as the Indian logistics firm grapples with the aftermath of a bulk deal sale and muted growth report.
Shares of the Gurgaon-headquartered firm, which went public in May this year, went as low as 317 Indian rupees, considerably below its issue price of 487 and all-time high of 708.45. The share movement follows CA Swift Investments offloading its position in Delhivery for $74.2 million this

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