CCI Clears Delhivery’s Acquisition Of Ecom Express

The Competition Commission of India (CCI) has approved logistics major Delhivery’s acquisition of a 99.44% stake in Ecom Express

“CCI approves acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Limited by Delhivery Limited,” the competition watchdog said in a release today

Notably, Delhivery announced the acquisition of Ecom Express for $165 Mn in a distress sale in April

The Competition Commission of India (CCI) has approved logistics major…