Delhivery Shares Climb 1.33% on Rs 1,407 Crore Ecom Express Acquisition
Delhivery Ltd. announced plans to acquire its competitor, Ecom Express Ltd., in a deal worth Rs 1,407 crore. The acquisition is expected to be completed within six months and aims to enhance Delhivery's operational scale and value proposition in the logistics sector. Following the announcement, Delhivery's shares rose by 1.33% to Rs 262.25, indicating positive investor sentiment towards the strategic move.

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Delhivery Ltd. , a prominent player in the logistics sector, saw its shares rise by 1.33% to Rs 262.25 following the announcement of a strategic acquisition. The company has revealed plans to acquire its rival, Ecom Express Ltd., in a deal valued at Rs 1,407 crore.
Acquisition Details
Item | Value |
---|---|
Deal Value | Rs 1,407.00 crore |
Target Company | Ecom Express Ltd. |
Completion Timeline | Within six months |
Strategic Implications
The acquisition of Ecom Express is expected to bring significant benefits to Delhivery:
- Enhanced Scale: The move is aimed at expanding Delhivery's operational scale in the competitive logistics market.
- Strengthened Value Proposition: By integrating Ecom Express's capabilities, Delhivery aims to offer improved services to its clients.
Market Response
Despite the overall market downturn, Delhivery's stock demonstrated resilience:
Metric | Value |
---|---|
Share Price Movement | Increased by 1.33% |
Closing Price | Rs 262.25 |
This positive market reaction suggests that investors view the acquisition favorably, potentially seeing it as a strategic move to consolidate Delhivery's position in the logistics industry.
Looking Ahead
The completion of this acquisition, scheduled within the next six months, will be a key milestone to watch. It remains to be seen how Delhivery will integrate Ecom Express's operations and leverage this acquisition to enhance its market position in the evolving e-commerce logistics landscape.
Historical Stock Returns for Delhivery
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+6.84% | +13.81% | +15.94% | -29.64% | -37.76% | -47.60% |