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.
Trending On Reuters
India GDP Data
India's economic growth accelerated to 7.5 percent in the three months through March from a revised 6.6 percent in the previous quarter, government data showed on Friday. Read