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Delhivery gets nod to acquire additional stake in Falcon Autotech

04 Nov 2023 Evaluate

Delhivery has received approval to acquire additional 4.75% equity share capital of Falcon Autotech (an Associate Company of Delhivery) from its promoters and executives at a total consideration of around Rs 52 crore. Post-acquisition, Delhivery will have a total shareholding of 39.33% in Falcon Autotech. The Board of Directors of the Company in its meeting held on November 04, 2023, has approved the same.

Delhivery is an Indian logistics and e-commerce supply chain company.

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