Acquisition of Ecom Express’s Delhivery for Rs 14,077 crore amid layoffs and suspension of IPO plans

Delhivery Limited’s Board of Directors has approved the acquisition of nearly 99.4% of Ecom Express Limited shares ₹14.07 million.

“We would like to inform you that the board of directors of Delhivery Limited (“Boards” and “Company” respectively) at the meeting held today, April 5, 2025, Inter-Alia, has considered and approved the acquisition of the shares with the issued shares, approved the equivalent of 99.4% of the shares and paid the fully diluted Ecom Express Limited, Ecom Express Limited, Ecom Express Limited, Ecom Express Limited, Ecom Express Limited, and approved (“ECOM” https://www.livemint.com/“Target Company”), which stated in an exchange filing on Saturday, April 5 that the purchase considerations are not exceeding INR 140.7 billion.”

February, Mint ECOM Express has ruled nearly 500 employees and suspended plans for its initial public offering (IPO) to cut costs, the report said.