CCI allows Delhivery to buy Ecom Express' 99% stake for ₹1,400 cr
The Competition Commission of India (CCI) has approved Delhivery's proposed acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express for approximately ₹1,407 crore. In April, Delhivery had announced the acquisition of Ecom for a cash consideration of the same amount. The acquisition aims to scale up Delhivery's business.