Delhivery Limited — Board Meeting, 05-04-2025: Outcome of Board Meeting

Delhivery has announced a board meeting outcome where it approved the acquisition of at least 99.4% of Ecom Express Limited's share capital for a consideration not exceeding INR 1,407 Crore. This strategic move aims to enhance Delhivery's scale in the logistics sector, improving service quality and fostering growth in the vendor ecosystem. The purchase is all-cash, and Ecom will become a subsidiary of Delhivery upon completion, expected within six months. This acquisition aligns with Delhivery's goal to invest in technology and network improvements, ultimately enhancing its competitive position.