Delhivery to acquire rival Ecom Express for Rs 1,407 crore in all-cash deal

Logistics and supply chain company Delhivery Limited has signed a definitive agreement to acquire a controlling stake in its rival Ecom Express for a cash consideration of Rs 1,407 crore.

Sahil Barua, MD and CEO, Delhivery said the Indian economy requires continuous improvements in cost efficiency, speed and reach of logistics.