Delhivery to acquire Ecom Express for ₹1,400 crore in all-cash deal
The company's board approved the "acquisition of shares equivalent to at least 99.4% of the issued and paid up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding ₹1,407 crore." The board has approved the execution of share purchase agreement amongst the company, Ecom Express, and their shareholders and execution of other necessary documents.
The company's board approved the "acquisition of shares equivalent to at least 99.4% of the issued and paid up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding ₹1,407 crore." The board has approved the execution of share purchase agreement amongst the company, Ecom Express, and their shareholders and execution of other necessary documents.
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