CCI Clears Delhivery’s Acquisition Of Ecom Express

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SUMMARY

The Competition Commission of India (CCI) has approved logistics major Delhivery’s acquisition of a 99.44% stake in Ecom Express

“CCI approves acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Limited by Delhivery Limited,” the competition watchdog said in a release today

Notably, Delhivery announced the acquisition of Ecom Express for $165 Mn in a distress sale in April

The Competition Commission of India (CCI) has approved logistics major…



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CCI Clears Delhivery’s Acquisition Of Ecom Express


SUMMARY

The Competition Commission of India (CCI) has approved logistics major Delhivery’s acquisition of a 99.44% stake in Ecom Express

“CCI approves acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Limited by Delhivery Limited,” the competition watchdog said in a release today

Notably, Delhivery announced the acquisition of Ecom Express for $165 Mn in a distress sale in April

The Competition Commission of India (CCI) has approved logistics major…



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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