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As on : 05-Apr-2025
Corporate News
05-Apr-2025     13:22

Board of Delhivery approves acquisition of logistics solutions provider - Ecom Express

The Board of Delhivery at its meeting held on 05 April 2025 has approved the acquisition of shares equivalent to at least 99.4% of the issued and paid up share capital, on a fully diluted basis, of Ecom Express (Ecom) for a purchase consideration not exceeding Rs 1,407 crore.

Post completion of such acquisition, Ecom will become a subsidiary of the Company.

Ecom was incorporated in August 2012 and is an end-to-end technology enabled logistics solutions provider. Its headquarters are in Gurugram, Haryana.

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