Delhivery Limited (NSE: DELHIVERY), a prominent player in the Indian logistics sector, has announced significant modifications to its previously disclosed acquisition of Ecom Express Limited. The company has revised the terms of the deal, demonstrating its commitment to strategic growth in the e-commerce logistics space.

Key Changes in the Acquisition Terms

1. Increased Stake: Delhivery will now acquire a 99.87% stake in Ecom Express, up from the initially planned 99.4% of the issued and paid-up share capital on a fully diluted basis.

2. Revised Deal Value: The purchase consideration has been adjusted to approximately ₹1,369.00 crore, down from the earlier announced cap of ₹1,407.00 crore.

Regulatory Compliance and Approval

The company has adhered to regulatory requirements by disclosing these changes under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are kept informed of material changes to the acquisition terms.

Delhivery had previously secured approval from the Competition Commission of India for this acquisition on June 17, 2025, paving the way for the deal's progression.

Strategic Implications

This move appears to be part of Delhivery's broader strategy to strengthen its position in the logistics sector. By increasing its stake in Ecom Express to 99.87%, Delhivery is poised to gain near-complete control over the acquired entity's operations and assets.

The reduction in the deal value, coupled with the increased stake, suggests that Delhivery may have negotiated favorable terms, potentially enhancing the acquisition's value proposition for its shareholders.

Conclusion

As the e-commerce landscape in India continues to evolve rapidly, Delhivery's revised acquisition terms for Ecom Express reflect its adaptive approach to market dynamics. This strategic move is likely to bolster Delhivery's capabilities in the e-commerce logistics space, potentially leading to enhanced service offerings and market presence.

Investors and industry observers will be keenly watching how this acquisition unfolds and its impact on Delhivery's market position in the competitive logistics sector.

Delhivery , the logistics and supply chain company, saw significant movement in its shareholding pattern as Nexus Venture Partners offloaded a portion of its stake. The block deal, valued at approximately ₹461.00 crore, attracted several prominent institutional investors.

Key Highlights of the Block Deal

• Seller: Nexus Venture Partners
• Stake Sold: 1.60% of Delhivery
• Total Deal Value: ₹461.00 crore

Major Buyers and Their Acquisitions

1. Morgan Stanley

   • Stake Acquired: 0.64%
   • Investment: ₹184.00 crore

2. Tata Mutual Fund

   • Stake Acquired: 0.22%
   • Investment: ₹75.00 crore

3. Other Notable Buyers:

   • Hill Fort India Fund LP
   • HDFC Mutual Fund
   • Axis Mutual Fund

This block deal represents a significant reshuffling of Delhivery's institutional ownership. The entry of major players like Morgan Stanley and the increased stakes of prominent mutual funds could be seen as a vote of confidence in the company's prospects.

Nexus Venture Partners, an early investor in Delhivery, has reduced its holding through this transaction. Such moves are not uncommon for venture capital firms as they seek to realize returns on their investments, especially post-IPO.

The interest shown by diverse institutional investors, including both foreign and domestic entities, suggests a positive outlook on Delhivery's business model and growth potential in the competitive logistics sector.

Investors and market analysts will likely keep a close watch on how this change in shareholding pattern might influence Delhivery's stock performance and corporate governance in the coming months.