CCI clears Delhivery’s Rs 1,400-cr acquisition of Ecom Express, 99.4% stake to give firm control, boost scale in e-commerce logistics – Times of India
The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery’s proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs 1,407 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…
