Ecom Express Faces Collapse: Delhivery Acquires Majority Stake

Delhivery To Acquire Ecom Express For Up To ₹1,407 Cr

Delhivery to make Ecom Express its subsidiary in a deal worth up to ₹1,407 crore, pending regulatory nod. Delhivery has announced the acquisition of rival logistics firm Ecom Express for a consideration not exceeding ₹1,407 crore. The transaction, subject to regulatory approvals and standard closing conditions, will result in Ecom Express becoming a subsidiary of Delhivery. According to a regulatory filing, Delhivery’s board has approved the exe…

Ecom Express Faces Collapse: Delhivery Acquires Majority Stake

Delhivery is acquiring a 99.4% stake in Ecom Express for Rs 1,400 crore in cash, according to a press release by the company. The deal follows three consecutive years of losses for Ecom, a sharp drop in equity, the exit of key investors, all while revenue growth stalled and client volumes declined. Ecom Tried to Scale, Then Sank Ecom Express once aimed to go public with a Rs 2,600 crore IPO to fund automation, expand into smaller cities, and inv…

Delhivery to acquires Ecom Express for Rs 1,400 crore

Mumbai: Logistics services provider Delhivery on Saturday announced acquisition of Ecom Express for a cash consideration of about Rs 1,400 crore to scale up its business. In a regulatory filing, the company said it has "signed a definitive agreement to acquire a controlling stake in Ecom Express Ltd for a cash consideration of around Rs 1,400 crore from its shareholders". The company's board approved the "acquisition of shares equivalent to at l…

Acquisition of Ecom Express by Delhivery Set to Cost INR 1,400 Cr

Delhivery Ltd, a logistics services company, stated on 5 April that it would acquire Ecom Express Ltd. This acquisition deal will cost Delhivery around INR 1,400 crore in cash. The step is taken in order to expand operations of Delhivery. The business announced in a regulatory filing that it has finalised a deal to buy a majority share in Ecom Express Ltd. from its stockholders for about INR 1,400 crore in cash. With a purchase price of no more …

Delhivery to acquire Ecom Express for Rs 1,400 cr cash to scale up biz - India Retailing

The deal is expected to be completed within the next six months New Delhi: Logistics services provider Delhivery Ltd on Saturday announced acquisition of Ecom Express Ltd for a cash consideration of about Rs 1,400 crore to scale up its business. In a regulatory filing, the company said it has “signed a definitive agreement to acquire a controlling stake in Ecom Express Ltd for a cash consideration of around Rs 1,400 crore from its shareholders”.…