Delhivery moves higher on getting CCI`s nod to acquire majority stake in Ecom Express
Delhivery is currently trading at Rs 367.25, up by 8.45 points or 2.36% from its previous closing of Rs 358.80 on the BSE.
The scrip opened at Rs 364.70 and has touched a high and low of Rs 368.25 and Rs 357.30 respectively. So far 85252 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 447.75 on 25-Sep-2024 and a 52-week low of Rs 236.80 on 13-Mar-2025.
Last one week high and low of the scrip stood at Rs 369.05 and Rs 344.20 respectively. The current market cap of the company is Rs 27328.90 crore.
The Institutional holding in the company stood at 82.02%, while Non-Institutions held 17.97% stake in the company.
Delhivery has received approval from Competition Commission of India (CCI) for proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore. The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express (Ecom) by Delhivery.
It has signed a definitive agreement to acquire a controlling stake in Ecom Express for a cash consideration of around Rs 1,400 crore from its shareholders. The company’s board approved the acquisition of shares equivalent to at least 99.4 per cent of the issued and paid-up share capital, on a fully diluted basis, of Ecom Express for a purchase consideration not exceeding Rs 1,407 crore. This acquisition aims to enhance Delhivery’s scale, thereby strengthening its value proposition to clients.
Delhivery provides a full range of Logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software
