Delhivery Board Approves Acquisition of Ecom Express for INR 1,407 Crore
Delhivery acquires Ecom Express for INR 1,407 Crore. Ecom to become its subsidiary within six months.
Delhivery, a leading logistics provider, announced that it is acquiring Ecom Express on Saturday, April 5. Its acquisition of Ecom Express valued at up to INR 1,407 crore. The transaction, which sees Delhivery acquiring a 99.4% stake in Ecom Express, is considered one of the most significant moves in India's highly fragmented logistics sector. As per a report of CNBC TV18, the deal, which has been approved by the board, will result in Ecom Express becoming a subsidiary of Delhivery within six months, subject to regulatory approvals. Skype Shutdown on May 5, 2025: Microsoft To Migrate All Users to Teams, Encourages Users To Login With Skype ID to New Platform Before Deadline.
Delhivery Approves Acquisition of Ecom Express for INR 1,407 Crore
#Delhivery approves acquisition of #EcomExpressLimited for Rs 1,407 crore.
For the latest news and updates, visit: https://t.co/by4FF5o0Ew pic.twitter.com/DHqA91qQBL
— NDTV Profit (@NDTVProfitIndia) April 5, 2025
Logistic Firm Delhivery
🚨 BREAKING: Logistic firm Delhivery to acquire Ecom Express for an amount not exceeding Rs 1,407 crore pic.twitter.com/HLqbyhWE6a
— Chandra R. Srikanth (@chandrarsrikant) April 5, 2025
(The above story first appeared on LatestLY on Apr 05, 2025 03:23 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
