Delhivery To Buy Ecom Express For $165 Mn

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SUMMARY

The logistics major announced that it will be acquired 99.4% equity of Ecom Express for INR 1,407 Cr ($164.5 Mn) in an all-cash deal

Post the acquisition, which is expected to fructify within six months of the execution of the share purchase agreement, Ecom Express will become a subsidiary of Delhivery

The competition of the deal is subject to approval from the Competition Commission of India (CCI)

Listed logistics service provider Delhivery said it will be acquiring a controlling stake in rival startup Ecom…



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Delhivery To Buy Ecom Express For $165 Mn


SUMMARY

The logistics major announced that it will be acquired 99.4% equity of Ecom Express for INR 1,407 Cr ($164.5 Mn) in an all-cash deal

Post the acquisition, which is expected to fructify within six months of the execution of the share purchase agreement, Ecom Express will become a subsidiary of Delhivery

The competition of the deal is subject to approval from the Competition Commission of India (CCI)

Listed logistics service provider Delhivery said it will be acquiring a controlling stake in rival startup Ecom…



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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