SUMMARY
The companies argued that the proposed transaction will not lead to any change in “competitive dynamics” or cause “any appreciable adverse effect on competition” in the sector
However, the applicants conceded that there were “horizontal overlaps” and “vertical relationship” between the two companies in certain segments of the logistics space
Earlier this month, Delhivery informed the bourses that it would acquire 99.4% stake in Ecom Express for INR 1,407 Cr, an 80%…
