Acquisitions5 Apr 2025, 06:07 pm
Delhivery to Acquire Ecom Express Limited for INR 1,407 Crore
AI Summary
Delhivery Limited has approved the acquisition of Ecom Express Limited for a purchase consideration not exceeding INR 1,407 Crore. Post completion, Ecom will become a subsidiary of Delhivery. The acquisition aims to enhance Delhivery's scale, strengthen its value proposition to clients, and foster growth within the vendor ecosystem in the country. Ecom is a logistics solutions provider with a turnover of INR 26,073 million as of March 31, 2024.
Key Highlights
- Delhivery to acquire Ecom Express Limited for INR 1,407 Crore
- Ecom will become a subsidiary of Delhivery post completion
- Acquisition aims to enhance Delhivery's scale and strengthen its value proposition
- Expected to foster growth within the vendor ecosystem in the country
- Ecom is a logistics solutions provider with a turnover of INR 26,073 million as of March 31, 2024