Delhivery Tweaks Ecom Express Deal Value To ₹13.69 Billion, Raises Stake

Delhivery Ltd. on Thursday said it has revised the terms of its planned acquisition of Ecom Express Ltd., lowering the purchase price to ₹13.69 billion from the ₹14.07 billion announced in April.

The logistics firm will now acquire a 99.87% stake in the Gurugram-based company, slightly higher than the earlier 99.4% stake.

The transaction, which is expected to close within six months of the share purchase agreement signed in April, is aimed at strengthening Delhivery’s network reach and vendor ecosystem.