Delhivery Limited — JV/Acquisition, 05-04-2025: Acquisition

Delhivery Limited is set to acquire at least 99.4% of Ecom Express Limited for a cash consideration not exceeding INR 1,407 Crore. This strategic move aims to enhance Delhivery's scale in the logistics sector, leveraging economies of scale to improve service quality and competitive pricing. The acquisition will allow for increased investments in technology and network improvements, particularly in automation and electric vehicles. Post-acquisition, Ecom will operate as a subsidiary, bolstering Delhivery’s value proposition and supporting growth within the logistics vendor ecosystem in India. Completion is expected within six months from the Share Purchase Agreement execution.