Masayoshi Son-led Japanese tech giant SoftBank Group Corp. (TSE:9984) is planning to sell part stake in leading logistics service provider Delhivery Limited (NSEI:DELHIVERY) and mop up around $150 million, multiple industry sources in the know told Moneycontrol. Moneycontrol was the first to report the story earlier on November 16.

"Softbank is looking to sell around 4% stake in Delhivery via the block deal route. The deal size is around $150 million," said one of the persons above. Two other persons confirmed the block deal plans and added that Kotak Mahindra Capital Company Limited was the advisor to the proposed transaction.

The three persons above spoke to Moneycontrol on the condition of anonymity. Softbank, Delhivery and Kotak Mahindra Capital could not be reached immediately for a comment. Softbank entity SVF Doorbell (Cayman) Ltd. currently holds 14.46% stake in Delhivery.