Softbank may sell more shares if it receives a good response, ET reported.
Citigroup has been selected as the broker for the sale of shares, which are expected to be offered at a 3-5% markdown from the current market price.
Softbank, through its entity Svf Doorbell (Cayman) Ltd, holds the largest public stake in the logistics company, with an 18.42% stake as of the end of December.
Before Delhivery's initial public offering, Softbank had acquired over 22% of the company.
Delhivery provides end-to-end solutions across the value chain and is one of the largest logistics companies in India.