Delhivery to acquire logistics rival firm Ecom Express for ₹1,407 crore

Logistics company Delhivery has announced its decision to acquire rival firm Ecom Express Limited for a total sum not exceeding ₹1,407 crore. The acquisition, once completed, will make Ecom Express a subsidiary of Delhivery, subject to regulatory approvals and customary closing conditions, the company said in an exchange filing on Saturday.