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Delhivery to acquire Ecom Express for Rs 1,407 crore

Summary by Moneycontrol

Delhivery further mentioned that acquisition will be completed Within 6 months from the date of execution of Share Purchase Agreement (“SPA”) unless extended by the parties to the SPA.

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Delhivery to acquire Ecom Express for Rs 1,407 crore

Delhivery further mentioned that acquisition will be completed Within 6 months from the date of execution of Share Purchase Agreement (“SPA”) unless extended by the parties to the SPA.

18 hours ago·India

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Business Fast

Ecom Express, once valued at Rs 7,000 crore, sold to Delhivery for Rs 1,407 crore in a distress deal - Business Fast

In a blow to its once-rich valuation, Delhivery is acquiring rival logistics firm Ecom Express in an all-cash deal for Rs 1,407 crore. The Gurugram-based company had been valued at around Rs 7,000 crore less than a year ago. 2012: Late T A Krishnan cofounded Ecom Express along with K Satyanarayana, Manju Dhawan, and Sanjeev Saxena—former Blue Dart executives. The company began operations in January 2013 from Gurugram, focusing on ecommerce logis…

12 hours ago

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Orissa POST

Delhivery to acquire controlling stake in Ecom Express for Rs 1,400 cr - OrissaPOST

New Delhi: Logistic firm Delhivery Saturday said it will acquire a controlling stake in Ecom Express Ltd for a cash consideration of Rs 1,400 crore from its shareholders. Delhivery in an exchange filing said the completion of the transaction is subject to approval from the Competition Commission of India, and customary closing conditions. Delhivery MD and CEO Sahil Barua said, “We believe this acquisition will enable us to service customers of b…

13 hours ago

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Inc42 Media

Delhivery To Buy Ecom Express For $165 Mn

Listed logistics service provider Delhivery said it will be acquiring a controlling stake in rival startup Ecom Express. In an all-cash deal, the logistics unicorn will be picking up 99.4% equity of Ecom Express for INR 1,407 Cr ($164.5 Mn). The deal will mark its completion only after approval from the Competition Commission of India (CCI). Following the acquisition, which is expected to fructify within six months of the execution of the share …

16 hours ago

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OfficeChai

After Alleging Discrepancy Its Its IPO Numbers, Delhivery Acquires Ecom Express For Rs. 1,407 Crore

A lot can change in 6 months in the business world. After alleging that Ecom Express was misrepresenting its numbers in its DRHP... The post After Alleging Discrepancy Its Its IPO Numbers, Delhivery Acquires Ecom Express For Rs. 1,407 Crore appeared first on OfficeChai.

16 hours ago

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medianews4u.com

Delhivery to acquire Ecom Express for ₹1,400 Crore

Gurugram: integrated logistics provider, Delhivery today announced that it has signed a definitive agreement to acquire a controlling stake in Ecom Express Limited for a cash consideration of approximately ₹1,400 crore. The acquisition marks a strategic step in Delhivery’s ongoing efforts to strengthen its end-to-end logistics capabilities and extend its service reach across India. [caption id="attachment_2281691" align="alignleft" width="139"] …

17 hours ago

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