Delhivery Ltd Completes 78.75% Acquisition of Ecom Express Limited for INR 1,369 Crores

Delhivery Ltd has remitted the full purchase consideration of approximately INR 1,369 crores for the acquisition of 99.87% of the issued and paid-up share capital of Ecom Express Limited. The company has completed the acquisition of 78.75% of the issued and paid-up share capital of Ecom, and the transfer of balance shares, representing 21.12% of the issued and paid-up share capital of Ecom, is currently under process. Ecom has become a subsidiary of Delhivery Ltd.