Delhivery, Ecom Express seek CCI nod for their Rs 1,400-crore deal
Delhivery, Ecom Express seek CCI nod for their Rs 1,400-crore deal
NEW DELHI: (Apr 19) Logistic firm Delhivery Ltd and Ecom Express have sought Competition Commission of India's approval for their Rs 1,400-crore deal.
Under the deal announced on April 5, Delhivery will acquire a controlling stake in Ecom Express for a cash consideration of Rs 1,400 crore.
While Delhivery is a listed integrated logistics player, Ecom Express provides logistics solutions to the Indian e-commerce industry.
