Delhivery, one of the country’s leading logistics and supply chain companies, has decided to acquire a 99.4% stake in Ecom Express for ₹1,407 crore.
The Delhivery Board has formally approved the acquisition, which was disclosed in a filing to the Securities and Exchange Board of India (SEBI).
Enhancing Market Presence
This strategic acquisition aims to strengthen Delhivery’s presence in the rapidly evolving e-commerce logistics sector. By integrating Ecom Express’s extensive delivery network and infrastructure, Delhivery is expected to enhance its last-mile connectivity and boost its operational capabilities.
Financial and Strategic Rationale
The takeover of Ecom Express as a culmination of Delhivery’s objective of creating an entire logistics ecosystem has been regarded in terms of becoming a strategic plan to capitalize on Ecom Express’s established base of customers as well as infrastructure, hence, taking Delhivery’s operations to more corners of India to a large degree.
A Bold Step in the Logistics Sector
The deal also reflects the growing consolidation of India’s e-commerce delivery and logistics business. Since both the companies have very large market share, the merger is bound to generate synergies which will offer customers quicker and more efficient delivery options.
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