Delhivery, Ecom Express seek CCI approval for 1,400 crore in cash deal

Delhivery Ltd has sought CCI approval to acquire a controlling stake in Ecom Express for Rs 1,400 crore in an all-cash deal. Both companies believe the transaction won't significantly impact competition, citing potential overlaps in express parcel delivery and warehousing. The deal aims to enhance customer service through investments in infrastructure and technology, aligning with India's growing logistics needs.

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