Delhivery Seeks CCI Approval for ₹1400 cr Ecom Express Deal
In a significant development in the Indian logistics sector, Delhivery Ltd has approached the Competition Commission of India (CCI) for approval to acquire a controlling stake in Ecom Express for ₹1,400 crore. The deal, which is expected to enhance service efficiency, lower logistics costs, and strengthen infrastructure across India, has garnered attention in the business community. Both Delhivery and Ecom Express believe that the merger will not harm competition but instead drive growth in the logistics sector.
Delhivery, one of India’s largest logistics companies, is seeking to acquire a significant stake in Ecom Express, a leading express logistics company, in a move that is aimed at expanding its reach and capabilities. The deal, which is valued at ₹1,400 crore, is expected to create a logistics giant with a strong presence across India.
According to reports, the deal is expected to enhance the efficiency of services, reduce logistics costs, and strengthen infrastructure across India. The merger is also expected to drive growth in the logistics sector, which has been growing rapidly in recent years.
Both Delhivery and Ecom Express believe that the merger will not harm competition but instead drive growth in the sector. In a statement, Delhivery said that the deal will enable the company to strengthen its position in the market and expand its reach to more customers. Ecom Express, on the other hand, said that the merger will provide it with the necessary resources and expertise to expand its operations and improve its services.
The deal is subject to approval from the CCI, which is the regulatory body responsible for ensuring competition in the Indian economy. The CCI will review the deal to ensure that it does not harm competition in the market.
The logistics sector has been growing rapidly in recent years, driven by the growth of e-commerce in India. The sector has also seen a significant increase in investments in recent years, with many startups and established companies entering the market.
Delhivery, which was founded in 2011, has grown rapidly in recent years and has established itself as one of the largest logistics companies in India. The company has a strong presence across India and offers a range of logistics services, including express logistics, warehousing, and freight forwarding.
Ecom Express, which was founded in 2012, is a leading express logistics company in India. The company has a strong presence in the country and offers a range of logistics services, including express logistics, warehousing, and freight forwarding.
The merger between Delhivery and Ecom Express is expected to create a logistics giant with a strong presence across India. The deal is expected to enhance the efficiency of services, reduce logistics costs, and strengthen infrastructure across India.
The deal is also expected to drive growth in the logistics sector, which has been growing rapidly in recent years. The sector has seen a significant increase in investments in recent years, with many startups and established companies entering the market.
In conclusion, the deal between Delhivery and Ecom Express is a significant development in the Indian logistics sector. The merger is expected to enhance service efficiency, lower logistics costs, and strengthen infrastructure across India. Both companies believe that the merger will not harm competition but instead drive growth in the sector.
Source:
https://ascendants.in/business-stories/delhivery-ecom-express-cci-approval/
