Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), Delhivery has informed that the board of directors of the company (‘the Board’ and ‘the Company’, respectively) at its meeting held today, April 5, 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 (‘Ecom’ / ‘Target Company’), for a purchase consideration not exceeding INR 1,407 Crore. The Board has approved the execution of Share Purchase Agreement amongst the Company, the Target Company and their shareholders and execution of other necessary documents regarding the aforementioned acquisition (‘Transaction Documents’). Post completion of such acquisition, Ecom will become a subsidiary of the Company. The details as required to be disclosed under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular, are enclosed as Annexure-A. The Board meeting commenced at 9:00 am (IST) and concluded at 11:00 am (IST).
The above information is a part of company’s filings submitted to BSE.
| 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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