“The proposed combination comprises the acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd by Delhivery Ltd,” the antitrust body said in its statement.
Delhivery, a listed integrated logistics provider, had announced in April that it had signed a definitive agreement to acquire a majority stake in unlisted rival Ecom Express from its shareholders for a cash consideration not exceeding ₹1,407 crore.
The acquisition was approved by Delhivery’s board and falls within the regulatory thresholds that require CCI clearance.
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The move is aimed at scaling up Delhivery’s operations and strengthening its value proposition across the e-commerce logistics landscape. Ecom Express, headquartered in Gurugram, recorded a turnover of ₹2,607.3 crore in FY24, up marginally from ₹2,548.1 crore in the previous year.
The acquisition will help Delhivery consolidate its position in last-mile delivery, warehousing, and fulfilment services, as it seeks to deepen its presence in the rapidly growing Indian e-commerce logistics space.
