Delhivery Share Price in Focus as CCI Clears ₹1,407 Crore Ecom Express Deal

The Competition Commission of India’s (CCI) approved acquisition of a controlling stake in logistics firm Ecom Express Ltd. The ₹1,407 crore deal marks a significant consolidation in India’s logistics sector and signals Delhivery’s intent to strengthen its e-commerce delivery capabilities.

CCI Clears Major Consolidation Move

In a statement issued Tuesday, the fair trade regulator announced its clearance for Delhivery Ltd to acquire at least 99.44% of the equity and preference shares of Ecom Express, on a fully diluted basis. The move, first announced in April 2025, involves a cash consideration not exceeding ₹1,407 crore.

The acquisition, approved by Delhivery’s board, met the thresholds that necessitated regulatory scrutiny by the CCI. With the green light now secured, Delhivery is set to absorb a significant player in the e-commerce logistics market.

Strengthening Presence in E-commerce Logistics

The acquisition is strategically aimed at enhancing Delhivery’s footprint in last-mile delivery, warehousing, and fulfilment services, as it competes in the rapidly expanding Indian e-commerce logistics space.

Headquartered in Gurugram, Ecom Express reported a revenue of ₹2,607.3 crore in FY24, a slight increase from ₹2,548.1 crore in FY23. Integrating its operations will allow Delhivery to scale efficiently while leveraging shared infrastructure and services.

Strategic Implications for the Sector

This deal signals a broader trend of consolidation and capacity building in India’s logistics sector, especially as competition intensifies and customer expectations evolve. For Delhivery, acquiring Ecom Express is not only a means to expand service reach but also to offer a more comprehensive value proposition across the supply chain.

Delhivery Share Price Performance

Delhivery Limited traded actively on June 18, 2025, with the stock quoting at ₹363.20, up 1.24% at 9:35 AM on June 18, from the previous close of ₹358.75. The scrip reached an intraday high of ₹364.00 and a low of ₹357.55, with a volume of 4.86 lakh shares and a traded value of ₹17.57 crore.

The company’s total market capitalization stands at ₹27,105 crore, with a free float market cap of ₹18,557.74 crore. Notably, 40.91% of the traded quantity was marked for delivery. Delhivery’s stock has shown significant volatility over the past year, ranging from a 52-week high of ₹447.65 (Sept 25, 2024) to a low of ₹236.53 (March 13, 2025).

Read More: CCI Approves Havells' Stake Acquisition in Goldi Solar.

Conclusion

With CCI approval secured, the deal paves the way for Delhivery to solidify its leadership in e-commerce logistics. Market watchers will be monitoring how this acquisition impacts its share performance and operational integration in the coming quarters.

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