New Delhi, June 6 -- Minority investors in Ecom Express, holding roughly 0.6% of the e-commerce logistics firm, are weighing their avenues for divesting their stakes. This follows the company's announcement of its sale to larger rival Delhivery.
Delhivery's proposed acquisition of Ecom Express's majority stake-99.4% collectively owned by Warburg Pincus, Partners Group, and British International Investment (BII)-has left approximately ten minority investors, who hold the remaining 0.6% of the company, to navigate their exit options independently.
Delhivery agreed to acquire the Gurugram-based company in an all-cash distress sale worth Rs.1,407 crore in April. This is just a fifth of the Rs.7,000 crore valuation that the company was attem...
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