The Competition Commission of India (CCI) has approved Delhivery Ltd's proposal to acquire a majority stake in Ecom Express for approximately ?1,400 crore.

According to the CCI’s statement, the transaction involves Delhivery acquiring at least 99.44% of the equity and preference shares (on a fully diluted basis) of Ecom Express Ltd.

Delhivery is an integrated logistics services provider, offering end-to-end supply chain solutions, while Ecom Express is an unlisted company specializing in logistics services tailored to the Indian e-commerce sector.