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The company’s board approved the “acquisition of shares equivalent to at least 99.4 per cent of the issued and paid up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding ₹1,407 crore.”
Competition Commission of India has approved the acquisition of Ecom Express Ltd by Delhivery Ltd. The deal size is around ₹1,400 crore.
“The Proposed Combination comprises acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd (Ecom) by Delhivery Ltd (Delhivery). Delhivery is a publicly listed Indian company,” CCI said in a press release.
It is an integrated logistics player and provides a full-range of logistics services, including express parcel delivery, heavy goods delivery, full truckload freight, part-truckload freight, warehousing and supply chain services (including supply chain software solutions and value-added services), and cross border express services.
Delhivery operates through a network of domestic and global partners and has made investments in automation, self-developed logistics technology and in data intelligence capabilities. Ecom is a public unlisted Indian company. It provides logistics solutions to the Indian e-commerce industry. Ecom uses automated solutions to enable pick-up, processing, network operation, delivery, reverse logistics and returns management. Ecom also offers storage and warehousing solutions.
In April, Delhivery announced the acquisition of Ecom Express for a cash consideration of about ₹1,400 crore to scale up its business. The company said it has “signed a definitive agreement to acquire a controlling stake in Ecom Express for a cash consideration of around ₹1,400 crore from its shareholders”.
The company’s board approved the “acquisition of shares equivalent to at least 99.4 per cent of the issued and paid up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding ₹1,407 crore.”
This acquisition aims to enhance Delhivery’s scale, thereby strengthening its value proposition to clients, the company said. The turnover of Gurugram-based Ecom Express stood at ₹2,607.3 crore in 2023-24 fiscal year as against ₹2,548.1 crore in the preceding year.
Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Published on June 17, 2025
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