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The latest announcement is out from Delhivery Limited ( (IN:DELHIVERY) ).
Delhivery Limited has announced the incorporation of a wholly owned subsidiary in India, named Delhivery Financial Services Private Limited. This new entity aims to strengthen Delhivery’s logistics operations by offering financial services such as credit, payment solutions, FASTag aggregation, fuel cards, and insurance to partners including truckers, fleet owners, riders, and MSMEs. This strategic move is expected to enhance liquidity access, mitigate risks, and improve operational efficiency across the logistics value chain, thereby reinforcing Delhivery’s market position.
More about Delhivery Limited
Delhivery Limited operates in the logistics industry, providing a range of services including parcel transportation, warehousing, and supply chain solutions. The company focuses on enhancing its logistics network by leveraging technology and data-driven insights to improve efficiency and service delivery.
Average Trading Volume: 111,181
Technical Sentiment Signal: Buy
Current Market Cap: 362.6B INR
See more insights into DELHIVERY stock on TipRanks’ Stock Analysis page.