Delhivery Limited Board has approved the acquisition of about 99.4% shares for Ecom Express Limited 1,407 crore.
“We want to inform you that the board of directors of Delheri Limited (” The Board “and” The Company “, respectively) held in its meeting today, IE, April 5, 2025, has considered and released the acquisition of shares issued. Company”), INR is not more than 1,407 crore for a purchase idea, “The company said in an exchanges on Saturday, 5 April.
After the acquisition process, Ecom Express will become a subsidiary of Delhi.
in February, Mint It was reported that Ecom Express had closed around 500 employees and stopped its plan to launch an initial public offer (IPO) of its shares in an attempt to cut cost.
