Delhivery to acquire Ecom Express; grants stock options

Delhivery (BSE: DELHIVERY) announced its plan to acquire a controlling stake in Ecom Express Limited for a cash consideration of approximately INR 1,400 Cr. The acquisition, aimed at enhancing cost efficiency, speed, and reach in logistics, is subject to approval from the Competition Commission of India. Following the acquisition announcement, Delhivery also reported the grant of 628,000 stock options under its Employee Stock Option Plan 2012 ("ESOP-2012") to eligible employees, effective April 1, 2025. These options, approved by the Nomination and Remuneration Committee, are convertible into fully paid-up equity shares with a face value of INR 1 each and vest over four years, with conditions outlined in ESOP-2012. This combined strategic move signals Delhivery’s continued growth and investment both in external expansion and internal talent.