Delhivery Seeks CCI Nod For Ecom Express Acquisition

The companies argued that the proposed transaction will not lead to any change in “competitive dynamics” or cause “any appreciable adverse effect on competition” in the sector

However, the applicants conceded that there were “horizontal overlaps” and “vertical relationship” between the two companies in certain segments of the logistics space

Earlier this month, Delhivery informed the bourses that it would acquire 99.4% stake in Ecom Express for INR 1,407 Cr, an 80%…