
Acquisitions17 Jun 2025, 09:01 pm
Delhivery Gets CCI Approval for Acquisition of Ecom Express
AI Summary
Delhivery Limited has received approval from the Competition Commission of India (CCI) for the acquisition of Ecom Express Limited. The acquisition is for shares equivalent to at least 99.4% of the issued and paid-up share capital, on a fully diluted basis, of Ecom Express Limited, for a purchase consideration not exceeding INR 1,407 Crore. The CCI approval was received on June 17, 2025, as per the letter attached. The detailed order of the CCI is still awaited.
Key Highlights
- Delhivery Limited receives CCI approval for the acquisition of Ecom Express Limited
- The acquisition is for shares equivalent to at least 99.4% of the issued and paid-up share capital of Ecom Express Limited
- The purchase consideration is not exceeding INR 1,407 Crore
- The CCI approval was received on June 17, 2025
- The detailed order of the CCI is still awaited