Logistic agency Delhivery on Saturday mentioned it’s going to purchase a controlling stake in Ecom Categorical Ltd for a money consideration of Rs 1,400 crore from its shareholders.
Delhivery in an change submitting mentioned the completion of the transaction is topic to approval from the Competitors Fee of India, and customary closing situations.
Delhivery MD and CEO Sahil Barua mentioned, “We imagine this acquisition will allow us to service clients of each corporations higher, by continued daring investments in infrastructure, know-how, community and folks.” With this acquisition and its inherent synergies, companies throughout India in addition to the logistics trade itself will profit immensely by the mixture of two like-minded gamers, Ecom Categorical founder Okay Satyanarayana mentioned.
Delhivery is certainly one of India’s main absolutely built-in logistics providers suppliers.
Ecom Categorical is an end-to-end know-how enabled logistics options supplier to the Indian retail and e-commerce trade.
