Delhivery to Acquire 99.4% Stake in Ecom Express for ₹1,407 Crore

On April 5, 2025, Delhivery Limited announced its decision to acquire at least 99.4% of the issued and paid-up share capital of Ecom Express Limited for a cash consideration not exceeding ₹1,407 crore. 

Details of the Acquisition

• Target Company: Ecom Express Limited

• Authorized Share Capital: ₹2,400 crore

• Paid-up Share Capital: ₹420.73 crore

• Turnover (as of March 31, 2024): ₹2,607.3 crore.

• Industry: Logistics solutions provider.

The acquisition involves Delhivery entering into a Share Purchase Agreement with Ecom Express and its shareholders. Upon completion, Ecom Express will become a subsidiary of Delhivery. 

Strategic Rationale

This acquisition is aimed at enhancing Delhivery’s scale and strengthening its value proposition to clients. The increased scale is expected to allow Delhivery to invest more effectively in improving service quality through network expansion, automation, technology investments, and research and development.

Regulatory Approvals and Timeline

The completion of the acquisition is subject to approval from the Competition Commission of India. The transaction is anticipated to close within six months from the date of execution of the Share Purchase Agreement, unless extended by the parties involved. 

This strategic move underscores Delhivery’s commitment to expanding its footprint in the logistics sector and enhancing its service offerings to meet the evolving needs of its clients