Delhivery shares surge 2% as CCI approves Rs 1,407-crore Ecom Express deal

The Competition Commission of India has approved Delhivery’s acquisition of Ecom Express. This deal is worth approximately Rs 1,407 crore. It will significantly consolidate India’s logistics sector. The acquisition aims to strengthen Delhivery’s position in last-mile delivery. It will also expand warehousing and fulfillment services. Analysts predict a potential upside for Delhivery shares. The average target price is Rs 413.

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