Delhivery , a leading logistics and supply chain services company, has announced the completion of its acquisition of Ecom Express, marking a significant move in the Indian logistics sector.

Acquisition Details

Delhivery has finalized the purchase of the remaining 21.12% stake in Ecom Express, as disclosed in a regulatory filing to the stock exchanges. This transaction concludes Delhivery's ownership consolidation in the logistics company, bringing its total shareholding to 99.87% of Ecom Express's issued and paid-up share capital on a fully diluted basis.

Financial Implications

The company revealed that the entire acquisition, which includes the previously acquired stakes, was completed for a purchase consideration of approximately ₹1,369.00 crore. This strategic move is expected to strengthen Delhivery's position in the competitive logistics market.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Delhivery has kept the stock exchanges informed throughout the acquisition process. The company had previously communicated about this acquisition on April 5, June 17, July 17, and July 19, showcasing a transparent approach to its corporate actions.

Market Impact

This acquisition is likely to have significant implications for the logistics industry in India. By fully integrating Ecom Express into its operations, Delhivery is poised to enhance its service offerings and potentially expand its market reach.

The move comes at a time when the e-commerce and logistics sectors in India are experiencing rapid growth and consolidation. Delhivery's strategic acquisition of Ecom Express could potentially lead to improved operational efficiencies and a stronger competitive position in the market.

Investors and industry observers will be keen to see how this acquisition translates into business growth and market performance for Delhivery in the coming quarters.

Delhivery , India's largest fully integrated logistics service provider, has announced the launch of a cutting-edge logistics hub in Lucknow, marking a significant expansion of its operations in northern India. The new facility, spanning 100,000 square feet (1 lakh sq.ft.), is set to revolutionize the company's logistics capabilities in the region.

Advanced Automation and Increased Capacity

The Lucknow Gateway Hub is equipped with state-of-the-art technology, featuring two automated sortation systems capable of processing 5,000 shipments per hour. This automation is expected to significantly enhance the efficiency and accuracy of shipment processing. Additionally, the facility boasts a 40% increase in storage capacity, with 1,300+ bin locations and the ability to hold more than 17,000 shipments.

Economic Impact and Job Creation

Delhivery's expansion in Lucknow is poised to have a substantial economic impact on the region. The company anticipates the creation of thousands of direct and indirect job opportunities, stimulating local employment and economic growth. Furthermore, the hub is expected to boost related industries such as packaging, transport, and local delivery services.

Empowering Local Businesses

The new hub is designed to empower local entrepreneurs and businesses, particularly MSMEs (Micro, Small, and Medium Enterprises). By providing improved order fulfillment capabilities and access to nationwide markets, Delhivery aims to support the growth of regional businesses. The expanded storage capacity and efficient processing systems will enable local companies to prepare more effectively for peak seasons, including the upcoming festive period.

Strategic Expansion

Dingtang Tikhak, Senior Vice President of Regional Hub Operations at Delhivery, emphasized the strategic importance of the Lucknow facility, stating, "Our operations in Lucknow and nearby areas are central to our business. This expansion helps local businesses by allowing them to ship goods across the country more quickly."

The Lucknow hub is part of Delhivery's broader northern India network, which includes hundreds of hubs and gateways, and 450+ distribution centers across Uttar Pradesh and Delhi-NCR. This extensive infrastructure supports the company's mission to provide reliable and scalable logistics services to businesses throughout India.

Company Overview

Delhivery has established itself as a leader in the Indian logistics sector, with a nationwide network covering over 18,800 pin codes. The company offers a comprehensive range of services, including:

• Express parcel transportation
• PTL freight
• TL freight
• Cross-border services
• Supply chain solutions
• Technology services

Since its inception, Delhivery has successfully fulfilled over 3.6 billion shipments and currently serves more than 44,000 customers, ranging from large e-commerce players to SMEs and other enterprises.

As Delhivery continues to expand its operations and enhance its technological capabilities, the new Lucknow Gateway Hub stands as a testament to the company's commitment to improving logistics infrastructure in India and supporting the growth of businesses across the country.