Delhivery to Acquire Ecom Express for Rs 1,407 Crore, Strengthening Logistics Position in Major Acquisition.

Delhivery, a major player in the logistics sector in India, is making headlines with its acquisition of Ecom Express for a whopping Rs 1,407 crore. This move is expe

Delhivery, a major player in the logistics sector in India, is making headlines with its acquisition of Ecom Express for a whopping Rs 1,407 crore. This move is expected to bolster Delhivery's position in the market significantly. Ecom Express, which has been grappling with financial difficulties and had to put a halt to its IPO plans, will now become a subsidiary of Delhivery pending approval from the Competition Commission of India. The acquisition is seen as a strategic step for Delhivery to strengthen its presence in the competitive logistics industry in India. Stay tuned for more updates on this game-changing development in the logistics sector.