<p>New Delhi: Delhivery CEO Sahil Barua has stepped down as Independent Director on <a href="https://www.deccanherald.com/tags/swiggy">Swiggy</a>'s Board citing "increased professional commitments" days after the logistics services provider announced the acquisition of rival Ecom Express.</p>.<p>In a regulatory filing on Friday, Swiggy informed that Barua has confirmed that there are no material reasons for his resignation other than those mentioned in his letter.</p>.<p>"Due to my increased professional commitments in my role as the CEO of Delhivery, I find myself unable to dedicate the necessary time and attention required to fulfil my responsibilities as an independent director on your board," he wrote in a letter to the Swiggy board.</p>.Swiggy Instamart launches 'Maxxsaver' feature for savings on orders.<p>Logistics services provider Delhivery Ltd, earlier this month, announced the acquisition of Ecom Express.</p>.<p>In a regulatory filing, the company had 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".</p>.<p>Barua was one of the first independent directors to join Swiggy.</p>.<p>Anand Kripalu, Chairperson of the Swiggy Board, said, "Sahil was one of the first independent members of Swiggy's board, and has played a meaningful role in the company's journey as we've scaled and transitioned into the public markets. We're grateful for his support over the past two years, and wish him continued success".</p>
<p>New Delhi: Delhivery CEO Sahil Barua has stepped down as Independent Director on <a href="https://www.deccanherald.com/tags/swiggy">Swiggy</a>'s Board citing "increased professional commitments" days after the logistics services provider announced the acquisition of rival Ecom Express.</p>.<p>In a regulatory filing on Friday, Swiggy informed that Barua has confirmed that there are no material reasons for his resignation other than those mentioned in his letter.</p>.<p>"Due to my increased professional commitments in my role as the CEO of Delhivery, I find myself unable to dedicate the necessary time and attention required to fulfil my responsibilities as an independent director on your board," he wrote in a letter to the Swiggy board.</p>.Swiggy Instamart launches 'Maxxsaver' feature for savings on orders.<p>Logistics services provider Delhivery Ltd, earlier this month, announced the acquisition of Ecom Express.</p>.<p>In a regulatory filing, the company had 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".</p>.<p>Barua was one of the first independent directors to join Swiggy.</p>.<p>Anand Kripalu, Chairperson of the Swiggy Board, said, "Sahil was one of the first independent members of Swiggy's board, and has played a meaningful role in the company's journey as we've scaled and transitioned into the public markets. We're grateful for his support over the past two years, and wish him continued success".</p>