India, April 19 -- Weeks after Delhivery announced plans to acquire a controlling stake in Ecom Express for INR 1,407 Cr, the companies have moved the Competition Commission of India (CCI) to seek approval for the deal.

In a notice submitted to the regulator, the companies said that the proposed transaction will not lead to any change in "competitive dynamics" or cause "any appreciable adverse effect on competition" in the logistics sector.

"At the outset, it is submitted that the relevant products and geographic markets can be left open, given that the proposed transaction will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition, in any market in India," read the notice.

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