Delhivery Limited to acquire Ecom Express Limited

Delhivery Limited has announced its plan to acquire Ecom Express Limited, marking a significant consolidation in the Indian logistics and ecommerce delivery space. Both companies operate in the express parcel and logistics segment, with Delhivery being a publicly listed major player and Ecom Express being a key competitor focused on third-party ecommerce deliveries. The acquisition, if completed, will likely expand Delhivery's delivery network, client base, and operational scale. Further details on deal value, structure, and timeline would typically be disclosed in subsequent filings to the exchanges. Shareholders should watch for updates on definitive agreements and regulatory clearances.