CCI clears Delhivery’s Rs 1,400-cr acquisition of Ecom Express, 99.4% stake to give firm control, boost scale in e-commerce logistics
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The Competition Commission of India (CCI) has approved Delhivery's acquisition of a 99.4% stake in Ecom Express for up to Rs 1,407 crore. This deal, announced in April, signifies a major consolidation within India's logistics sector. Delhivery aims to enhance its scale and strengthen its offerings in the competitive express parcel and e-commerce logistics segments through this acquisition. What's Your Reaction?
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