Delhivery Seeks CCI Nod For Ecom Express Acquisition

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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%…



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Delhivery Seeks CCI Nod For Ecom Express Acquisition


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%…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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