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HinduBusinessLine
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Delhivery to acquire Ecom Express for ₹1,407 crore amid layoffs
- Delhivery will acquire Ecom Express for ₹1,407 crore.
- The acquisition will be completed within six months from the date of execution of share purchase agreement.
- Delhivery aims to improve logistics cost efficiency, speed, and reach through the acquisition.
- Ecom Express had cancelled its plans to go public after concerns raised by Delhivery regarding its disclosure accuracy.
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