Latest news with #EcomExpress
Mint
3 days ago
- Business
- Mint
Delhivery shares climb 2% as CCI clears ₹1,407-crore acquisition of Ecom Express
Shares of logistics company Delhivery rose over 2 percent in intra-day trading on Wednesday after the Competition Commission of India (CCI) approved its proposed acquisition of a majority stake in rival Ecom Express Ltd. The move marks a significant consolidation in India's e-commerce logistics space and aims to strengthen Delhivery's last-mile delivery and fulfilment capabilities. In a statement issued on Tuesday, the CCI confirmed its approval for Delhivery Ltd to acquire at least 99.44 percent of the equity and preference shares of Ecom Express on a fully diluted basis. This acquisition, valued at up to ₹ 1,407 crore, is seen as a strategic effort to expand Delhivery's operational scale and competitive edge. Delhivery had first announced the deal in April 2025, noting that the entire transaction would be executed in cash. Ecom Express, a Gurugram-based logistics company focused on e-commerce deliveries, reported a turnover of ₹ 2,607.3 crore in FY24—an uptick from ₹ 2,548.1 crore in FY23. The acquisition is expected to help Delhivery bolster its dominance in the e-commerce delivery market by expanding its warehousing, fulfilment, and last-mile infrastructure. With the Indian e-commerce sector expected to see strong double-digit growth, this deal is poised to enhance Delhivery's value proposition to online retailers and deepen its market presence. Delhivery stated that the consolidation aligns with its broader strategy of becoming India's most comprehensive logistics platform. With Ecom Express' expertise in secure and high-volume deliveries, especially in tier-2 and tier-3 markets, the acquisition will likely improve service reach and operational efficiency. Delhivery recently reported its first-ever full-year net profit in FY25. The company posted a net profit of ₹ 162 crore, reversing a loss of ₹ 249 crore in FY24. For the March quarter, Delhivery recorded a net profit of ₹ 72.6 crore compared to a loss of ₹ 68.5 crore in the same period last year. Revenue for Q4FY25 rose 5.6 percent year-on-year to ₹ 2,191.6 crore. The company's EBITDA nearly tripled to ₹ 119 crore from ₹ 45.7 crore in Q4FY24, while operating margins improved to 5.45 percent from 2.2 percent a year ago. Following the announcement, Delhivery's stock rose 2.1 percent to an intra-day high of ₹ 366.50. The scrip remains nearly 18 percent below its 52-week high of ₹ 447.75 hit in September 2024, but well above its 52-week low of ₹ 236.80 recorded in March 2025. Despite a 12 percent decline over the past year, Delhivery has staged a notable comeback in recent months. The stock has gained 2 percent so far in June, extending its winning streak to four months. It rose 17 percent in May, 20 percent in April, and 2 percent in March, recovering from steep losses of 22 percent in February and 7.2 percent in January.
Mint
3 days ago
- Business
- Mint
Delhivery shares climb 2% as CCI clears ₹1,407-crore acquisition of Ecom Express
Shares of logistics company Delhivery rose over 2 percent in intra-day trading on Wednesday after the Competition Commission of India (CCI) approved its proposed acquisition of a majority stake in rival Ecom Express Ltd. The move marks a significant consolidation in India's e-commerce logistics space and aims to strengthen Delhivery's last-mile delivery and fulfilment capabilities. In a statement issued on Tuesday, the CCI confirmed its approval for Delhivery Ltd to acquire at least 99.44 percent of the equity and preference shares of Ecom Express on a fully diluted basis. This acquisition, valued at up to ₹ 1,407 crore, is seen as a strategic effort to expand Delhivery's operational scale and competitive edge. Delhivery had first announced the deal in April 2025, noting that the entire transaction would be executed in cash. Ecom Express, a Gurugram-based logistics company focused on e-commerce deliveries, reported a turnover of ₹ 2,607.3 crore in FY24—an uptick from ₹ 2,548.1 crore in FY23. The acquisition is expected to help Delhivery bolster its dominance in the e-commerce delivery market by expanding its warehousing, fulfilment, and last-mile infrastructure. With the Indian e-commerce sector expected to see strong double-digit growth, this deal is poised to enhance Delhivery's value proposition to online retailers and deepen its market presence. Delhivery stated that the consolidation aligns with its broader strategy of becoming India's most comprehensive logistics platform. With Ecom Express' expertise in secure and high-volume deliveries, especially in tier-2 and tier-3 markets, the acquisition will likely improve service reach and operational efficiency. Delhivery recently reported its first-ever full-year net profit in FY25. The company posted a net profit of ₹ 162 crore, reversing a loss of ₹ 249 crore in FY24. For the March quarter, Delhivery recorded a net profit of ₹ 72.6 crore compared to a loss of ₹ 68.5 crore in the same period last year. Revenue for Q4FY25 rose 5.6 percent year-on-year to ₹ 2,191.6 crore. The company's EBITDA nearly tripled to ₹ 119 crore from ₹ 45.7 crore in Q4FY24, while operating margins improved to 5.45 percent from 2.2 percent a year ago. Following the announcement, Delhivery's stock rose 2.1 percent to an intra-day high of ₹ 366.50. The scrip remains nearly 18 percent below its 52-week high of ₹ 447.75 hit in September 2024, but well above its 52-week low of ₹ 236.80 recorded in March 2025. Despite a 12 percent decline over the past year, Delhivery has staged a notable comeback in recent months. The stock has gained 2 percent so far in June, extending its winning streak to four months. It rose 17 percent in May, 20 percent in April, and 2 percent in March, recovering from steep losses of 22 percent in February and 7.2 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
4 days ago
- Business
- Time of India
Delhivery shares in focus as CCI approves Rs 1,407-crore Ecom Express deal
Delhivery shares will be in focus on Wednesday after the Competition Commission of India (CCI) approved the company's proposed acquisition of a controlling stake in Ecom Express for approximately Rs 1,407 crore—a significant consolidation move in India's logistics sector. 'The proposed combination comprises the acquisition of at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd by Delhivery Ltd,' the CCI said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% In April, Delhivery had announced that it signed a definitive agreement to acquire a majority stake in the unlisted logistics firm for a cash consideration not exceeding Rs 1,407 crore. The deal had already been cleared by Delhivery's board and required CCI's regulatory approval. The acquisition is expected to strengthen Delhivery's position in last-mile delivery , warehousing, and fulfilment services, further expanding its reach in the fast-growing Indian e-commerce logistics space. Live Events Ecom Express, headquartered in Gurugram, reported a turnover of Rs 2,607.3 crore in FY24, slightly up from Rs 2,548.1 crore in FY23. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside Delhivery share price target According to Trendlyne, the average target price for Delhivery stands at Rs 413, suggesting a potential upside of nearly 15% from current levels. Out of the 23 analysts covering the stock, the consensus rating is 'Buy'. Technical indicators show the stock's Relative Strength Index (RSI) at 57.7. An RSI below 30 indicates oversold conditions, while a reading above 70 signals overbought levels. The MACD is at 14.3—above the centre line but below the signal line. Delhivery shares closed 1.7% lower at Rs 358.8 on the BSE in the previous session. The stock has rallied 48% over the past three months but remains down more than 12% over the last year. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
CCI clears Delhivery's Rs 1,400-cr acquisition of Ecom Express, 99.4% stake to give firm control, boost scale in e-commerce logistics
The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery's proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs 1,407 crore. 'The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd by Delhivery Ltd,' the regulator said in a release, as reported PTI. Confirming the approval in a post on X, the commission said: 'CCI approves acquisition of at least 99.44 per cent of the equity and preference shareholding of Ecom Express Ltd by Delhivery Ltd.' The deal, first announced in April, marks a major consolidation move in India's logistics sector. Delhivery, which offers full-spectrum logistics solutions, had then said it had 'signed a definitive agreement to acquire a controlling stake in Ecom Express for a cash consideration of around Rs 1,400 crore from its shareholders.' The company's board approved the acquisition of shares 'equivalent to at least 99.4% of the issued and paid-up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding Rs 1,407 crore,' Delhivery said in its disclosure. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo The Gurugram-based Ecom Express is an unlisted logistics provider focused on India's booming e-commerce industry. The company posted a revenue of Rs 2,607.3 crore in FY24, up from Rs 2,548.1 crore in FY23. Delhivery said the acquisition will help enhance its scale and strengthen its value proposition to clients in the competitive express parcel and e-commerce logistics segments. M&A transactions beyond a certain size threshold require prior clearance from the CCI, which reviews deals to ensure they do not harm market competition. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
4 days ago
- Business
- Business Standard
CCI clears Delhivery's ₹1,400 crore acquisition of Ecom Express stake
Fair trade regulator CCI on Tuesday cleared logistics services provider Delhivery's proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore. "The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd (Ecom) by Delhivery Ltd," the Competition Commission of India (CCI) said in a release. Delhivery is an integrated logistics player and provides a full-range of logistics services while Ecom Express is an unlisted entity which provides logistics solutions to the Indian e-commerce industry. "CCI approves acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of Ecom Express Ltd by Delhivery Ltd," the competition watchdog said in a post on X. In April, Delhivery announced the acquisition of Ecom Express for a cash consideration of about Rs 1,400 crore to scale up its business. The company said it has "signed a definitive agreement to acquire a controlling stake in Ecom Express for a cash consideration of around Rs 1,400 crore from its shareholders". The company's board approved the "acquisition of shares equivalent to at least 99.4 per cent of the issued and paid up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding Rs 1,407 crore." This acquisition aims to enhance Delhivery's scale, thereby strengthening its value proposition to clients, the company said. The turnover of Gurugram-based Ecom Express stood at Rs 2,607.3 crore in 2023-24 fiscal year as against Rs 2,548.1 crore in the preceding year. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
