The deal is expected to be completed within the next six months New Delhi: Logistics services provider Delhivery Ltd on Saturday announced acquisition of Ecom Express Ltd for a cash consideration of about Rs 1,400 crore to scale up its business. In a regulatory filing, the company said it has “signed a definitive agreement to acquire a controlling stake in Ecom Express Ltd for a cash consideration of around Rs 1,400 crore from its shareholders”. The company’s board approved the “acquisition of shares equivalent to at least 99.4 per cent of the issued and paid up share capital, on a fully diluted basis, of Ecom Express Ltd for a purchase consideration not exceeding Rs 1,407 crore.” The board has approved the execution of share purchase agreement amongst the company, Ecom Express, and their shareholders and execution of other necessary documents. The deal is expected to be completed within the next six months. The turnover of Gurugram-based Ecom Express stood at Rs 2,607.3 crore i...
As Disney India’s licensing division, Disney Consumer Products has been operating in India for over two decades, with products spanning over 135 categories Bengaluru: Disney Consumer Products (DCP) India, the retailing and licensing subsidiary of The Walt Disney Company, is planning to ramp-up its collaborations with scalable partners who bring a long-term vision in growing the presence of Disney through products and experiences in the country, a top company official told IndiaRetailing. This also involves venturing into new categories. “Over the past two years alone, we have entered more than 15 new categories, including snacks, dairy, eyewear, and fine jewellery, working with dynamic players shaping India’s retail and consumer landscape,” said Priya Nijhara, Director of Disney Consumer Products, India . “We are constantly looking at unconventional opportunities that will resonate with our consumers and fans.” Disney Consumer Products is the division of Disney Experiences that b...