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.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
| View more.. | |
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