Ecom Express Nears IPO Filing, Receives Board Approval for Rs 2,600 Crore Offering

Logistics firm Ecom Express has gained board approval for an IPO worth Rs 2,600 crore, comprising a Rs 1,284 crore fresh issue and a Rs 1,316 crore offer for sale. Major investors like Warburg Pincus are expected to participate. The company previously delayed an IPO in 2022.