Delhivery Shares Rise on Ecom Express Acquisition Approval

  Published 1 year ago

Delhivery shares rise 2.2% after India approves $162.96 mln Ecom Express stake acquisition boosting YTD gains to 6%.

  • Delhivery shares up 2.2% to 366.75 rupees post, approval of Ecom Express stake buy.
  • Competition Commission approves 99.4% Ecom Express stake acquisition for 14.07 bln rupees.
  • Delhivery shares gain ~6% year-to-date following strategic acquisition approval.

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