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.
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article