Delhivery to acquire Ecom Express for Rs 1,407 crore in all cash deal
In a significant acquisition, Delhivery is set to purchase Ecom Express for Rs 1,407 crore, consolidating its position in the logistics sector. Ecom Express has faced financial challenges and halted its IPO plans. The acquisition is pending approval from the Competition Commission of India and will see Ecom Express operate as a Delhivery subsidiary.
In a significant acquisition, Delhivery is set to purchase Ecom Express for Rs 1,407 crore, consolidating its position in the logistics sector. Ecom Express has faced financial challenges and halted its IPO plans. The acquisition is pending approval from the Competition Commission of India and will see Ecom Express operate as a Delhivery subsidiary.
