Delhivery alleges IPO-bound Ecom Express used incorrect numbers in DRHP

Quick Summary:

Ecom Express, which is backed by Warburg Pincus, Partners Group, and British International Investment, plans to raise Rs 2,600 crore via its IPO.

However, in a filing to the stock exchanges on Friday, Delhivery alleged that this comparison was flawed.

Delhivery said Service Ebitda profit used in the numerator of the CPS calculation is not like-to-like.

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Category: BusinessFinance

Markets: India

Topics: Delhivery Ecommerce Stock market DRHP Ecom express Indian markets Indian companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 19:03:14 (22 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 22493732

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