Delhivery has remitted the full purchase consideration of around Rs 1369 crore for the acquisition of 99.87% of the issued and paid-up share capital of Ecom Express (Ecom), on a fully diluted basis. 

Subsequently, the company has completed the acquisition of 78.75% of the issued and paid-up share capital of Ecom, on a fully diluted basis. The transfer of balance shares, representing 21.12% of the issued and paid-up share capital of Ecom, on a fully diluted basis, has been initiated and is currently under process, which is expected to be completed in due course, upon the completion of certain administrative processes. Accordingly, Ecom has become a subsidiary of the company. 

Delhivery provides a full range of Logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.