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Logistics stock jumps after company to acquire controlling stake in Ecom express for ₹1,400 Cr

News by Aliceblue News Desk

07 Apr 2025

Logistics stock jumps after company to acquire controlling stake in Ecom express for ₹1,400 Cr

Introduction:

Leading logistics company is set to acquire a controlling stake in a key express delivery firm for approximately ₹1,400 crore, strengthening its position in India’s growing e-commerce logistics sector.

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Share price movement of Delhivery:

On April 7, 2025, Delhivery Ltd opened at ₹238.20. The stock touched a high of ₹268.50 up 3.8% from its previous close of ₹258.25 and a low of ₹238.20 during the session. By 2:30 PM, it traded at ₹267.60, with a market capitalization of ₹19,866.02 crore.

Delhivery to Acquire Ecom Express:

Delhivery Limited has signed a definitive agreement to acquire a controlling stake in Ecom Express for approximately ₹1,400 crore in cash. The acquisition is subject to regulatory approvals and standard closing conditions.

This strategic move is expected to enhance Delhivery’s logistics capabilities and market presence in India’s fast-growing e-commerce sector.

Stock performance of Delhivery for Period of 1 week, 6 months, and 1 year:

Delhivery Ltd delivered a 1.45% return over the past week. It declined by 37.6% in the past six months. The stock dropped 44.2% over the past year.

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Shareholding pattern of Delhivery:

ParticularsDec 2024Sep 2024Jun 2024
Promoter0%0%0%
FII53.80%55.00%61.20%
DII29.00%28.60%22.00%
Public17.30%16%17%
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About Delhivery:

Delhivery Ltd (NSE: DELHIVERY) is a leading logistics company offering express parcel delivery, freight, warehousing, cross-border services, supply chain software, and e-commerce solutions including returns, payment collection, and installation services.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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