Delhivery gets CCI nod to acquire majority stake in Ecom Express for Rs 1,400 crore

Fair trade regulator CCI on Tuesday cleared logistics services provider Delhivery’s proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore.

“The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd (Ecom) by Delhivery Ltd,” the Competition Commission of India (CCI) said in a release.