Delhivery Share Price in Focus: Announced Acquisition of Ecom Express

On April 7, 2025, Delhivery share price is on investors’ radar as third-party logistics company Delhivery announced acquisition of Ecom Express. On April 5, 2025, the company, via an exchange filing, stated that it had signed a definitive agreement to acquire a controlling stake in Ecom Express Limited for a cash consideration of ~₹1,400 Cr from its shareholders.

Acquisition Timeline

The completion of the acquisition is subject to approval from the Competition Commission of India, and customary closing conditions. In addition, the company has appointed Shardul Amarchand Mangaldas & Co. as the legal advisor and Ernst & Young as the financial and tax diligence advisor for this transaction.

Management Take on Acquisition

Sahil Barua, MD and CEO of Delhivery, said, “The Indian economy requires continuous improvements in cost efficiency, speed and reach of logistics. We believe this acquisition will enable us to service customers of both companies better through continued bold investments in infrastructure, technology, network and people. The founders and management of Ecom Express have established a high-quality network and team, creating a strong foundation to integrate into Delhivery’s operations.”

Satyanarayana, founder of Ecom Express, said, “Delhivery is among India’s leading fully-integrated logistics service providers with significant scale advantages and will be the ideal shareholder for Ecom Express’ next phase of growth. With this acquisition and its inherent synergies, businesses across India as well as the logistics industry itself will benefit immensely through the combination of two like-minded players.”

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