Acquisitions5 Apr 2025, 06:52 pm
Delhivery to Acquire Ecom Express for Rs. ~1,400 Cr
AI Summary
Delhivery Limited has signed a definitive agreement to acquire a controlling stake in Ecom Express Limited for a cash consideration of Rs. ~1,400 Cr. The transaction is subject to approval from the Competition Commission of India and customary closing conditions. Shardul Amarchand Mangaldas & Co. acted as the legal advisor and Ernst & Young acted as the financial and tax diligence advisor to Delhivery on this transaction. Delhivery is one of India's leading fully-integrated logistics services providers, while Ecom Express is a leading end-to-end technology enabled logistics solutions provider to the Indian retail and e-commerce industry.
Key Highlights
- Delhivery to acquire a controlling stake in Ecom Express for Rs. ~1,400 Cr
- The acquisition aims to improve cost efficiency, speed, and reach of logistics in the Indian economy
- Ecom Express has established a high-quality network and team, creating a strong foundation for integration
- The transaction is subject to approval from the Competition Commission of India
- Shardul Amarchand Mangaldas & Co. and Ernst & Young acted as advisors to Delhivery on this transaction