Delhivery on Saturday announced that its board has approved the proposal for acquiring an additional 4.75 per cent equity share capital of Falcon Autotech Pvt Ltd, for a total consideration of approximately Rs 52 crore. Post this acquisition, Delivery will have a total shareholding of 39.33 per cent in Falcon Autotech.
“The Board of Directors of the Company in its meeting held on November 04, 2023 have considered and approved the proposal to acquire additional 4.75 percent equity share capital of Falcon Autotech Private Limited (an Associate Company of  Delhivery  Ltd.) from its promoters and executives at a total consideration of Rs 52 crore (approx),” it said in a regulatory filing. The deal will be completed by December 31, 2023.

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