Delhivery shares surge 2% as CCI approves Rs 1,407-crore Ecom Express deal
Delhivery shares surged 1.6% to their day’s high of Rs 364.7 on the BSE on Wednesday after the Competition Commission of India (CCI) approved the company’s proposed acquisition of a controlling stake in Ecom Express for approximately Rs 1,407 crore—a significant consolidation move in India’s logistics sector.
“The proposed combination comprises the acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd by Delhivery Ltd,” the CCI said in a statement.
