Delhivery has inked a definitive agreement to acquire a
controlling stake in Ecom Express for a cash consideration of around Rs 1,400
crore from its shareholders. Post completion of said acquisition, Ecom Express
will become a subsidiary of the company. The completion of the transaction is
subject to approval from the Competition Commission of India, and customary
closing conditions.
The company’s board of directors at its meeting held on
April 05, 2025 has considered and approved the acquisition of shares equivalent
to at least 99.4% of the issued and paid-up share capital, on a fully diluted
basis, of Ecom Express. The board also approved the execution of Share Purchase
Agreement amongst the company, Ecom Express and their shareholders and
execution of other necessary documents regarding the aforementioned
acquisition.
Delhivery provides a full range of Logistics services,
including delivery of express parcel and heavy goods, PTL freight, TL freight,
warehousing, supply chain solutions, cross-border Express, freight services,
and supply chain software.
Source: Ace Equity
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