Delhivery Limited has informed the Exchange about Update on acquisition of Ecom Express Limited
DELHIVERY · price
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Awaiting price reaction for this filing.
Delhivery has remitted the full purchase consideration of approximately INR 1,369 crores to acquire 99.87% of Ecom Express Limited on a fully diluted basis. The company has already completed the transfer of 78.75% of Ecom's share capital, making Ecom a subsidiary of Delhivery. The remaining 21.12% is currently being transferred and is expected to be completed shortly after certain administrative processes. This follows earlier communications dated April 5, June 17, and July 17, 2025, regarding the proposed acquisition.
This is a significant consolidation move for Delhivery in the logistics and e-commerce delivery space, potentially strengthening its market position. Shareholders should watch for integration updates and any synergy benefits, though the deal also adds execution and integration risk given the size of the consideration.