11 Apr, EOD - Indian

SENSEX 75157.26 (1.77)

Nifty 50 22828.55 (1.92)

Nifty Bank 51002.35 (1.52)

Nifty IT 32740.85 (0.69)

Nifty Midcap 100 50501.5 (1.85)

Nifty Next 50 61473.55 (1.33)

Nifty Pharma 20461.9 (2.43)

Nifty Smallcap 100 15696.1 (2.88)

11 Apr, EOD - Global

NIKKEI 225 33585.58 (-2.96)

HANG SENG 20914.69 (1.13)

S&P 5407.75 (1.76)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(07 Apr 2025, 14:36)

Delhivery jumps on acquisition of Ecom Express

Delhivery rose 3.62% to Rs 267.60 after the company announced that it will acquire a controlling stake in Ecom Express for about Rs 1,400 crore from its shareholders.


The completion of the transaction is subject to approval from the Competition Commission of India and other customary closing conditions.

Gurugram-based Ecom Express, incorporated in August 2012, is an end-to-end technology enabled logistics solutions provider to the Indian retail and e-commerce industry. As of 31 March 2024, the company reported a turnover of Rs 2,607.30 crore.

Logistics is a scale-driven sector, where larger operational networks can lead to improved efficiencies and more competitive service offerings. Delhivery stated that this acquisition is intended to enhance its scale and strengthen its value proposition to clients.

The increased scale is expected to enable greater investments in areas such as network expansion, network quality improvements (such as automation and electric vehicles), technology investments, and research & development (e.g., robotics and drones).

Additionally, the transaction is anticipated to support growth within the broader vendor ecosystem in India. Vendors, such as those providing fleet and automation solutions, may gain the confidence to invest in assets and R&D, ultimately benefiting the overall logistics industry in India.

Delhivery is one of India's leading fully-integrated logistics services providers. The company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.

On a consolidated basis, Delhivery's net profit surged 113.4% to Rs 24.99 crore while revenue from operations jumped 8.4% to Rs 2,378.30 crore in Q3 December 2024 over Q3 December 2023.


More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +