New Delhi, April 5 -- Delhivery Limited Board has approved the acquisition of nearly 99.4% shares of Ecom Express Limited's share capital for Rs.1,407 Crore.

"We wish to inform you that the board of directors of Delhivery Limited ("the Board" and "the Company", respectively) at its meeting held today, ie, April 5, 2025, inter-alia, has considered and 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 Limited ("Ecom"/"Target Company"), for a purchase consideration not exceeding INR 1,407 Crore," the company said in an exchange filing on Saturday, April 5.

Published by HT Digital Content Services with permission from MINT....