India, April 11 -- Logistics major Delhivery has said that its INR 1,407 Cr acquisition of Ecom Express will help it improve scale and shore up profitability.

In an exchange filing, Delhivery said that the deal poses "significantly" lower risks compared to its acquisition of partial truck load (PTL) logistics platform SpotOn Logistics in 2021.

This clarification follows Delhivery last week announcing that it would acquire a 99.4% stake in Ecom Express for INR 1,407 Cr in an all-cash deal. Described as one of the biggest consolidation moves in the B2C third party surface (3PL) logistics segment, the deal had triggered some concerns about its impact on the listed company's books.

However, citing its rationale for the "lower risks", the l...