Delhivery to Acquire 99.87% Stake in Ecom Express for INR 1,369 Crore

Delhivery Limited has informed about an amendment to the Share Purchase Agreement dated April 5, 2025, regarding the acquisition of shares of Ecom Express Limited. The company will now acquire 99.87% of the issued and paid-up share capital, on a fully diluted basis, of Ecom for a purchase consideration of approximately INR 1,369 Crore. This amendment follows the approval from the Competition Commission of India. The acquisition is expected to be completed based on the revised terms and conditions.