Blue Dart gains on DHL's sale offer
Reuters Market Eye - Shares in Blue Dart Express (BLDT.NS) gain 20 percent on hopes that plans by its main stakeholder DHL Express (Singapore) Pte Ltd to sell a 6 percent stake will attract strong demand, raising prices.
Blue Dart said on Wednesday DHL Express (Singapore), part of DHL, will sell 6 percent stake in the Indian air express courier firm via an offer-for-sale to comply with SEBI's regulation that all companies must have at least 25 percent public shareholding by next year.
DHL Express currently owns 81 percent in Blue Dart.
- Tweet this
- Share this
- Digg this
Trending On Reuters
India's main public health programmes, aimed at millions of rural poor, have been in disarray for months because the government changed the way that over $1.3 billion in funds were distributed, according to data and letters seen by Reuters. Full Article | Graphic: India's health funding