MARKET EYE-India's Blue Dart gains on DHL's sale offer

Thu Nov 22, 2012 10:59am IST

Related Topics

Stocks

   
Coal Mining In The Punjab

Coal Mining In The Punjab

In Choa Saidan Shah miners dig coal with crude pick axes and load it onto donkeys to be transported to the surface earning a team of 4 workers around $10 to be split between them.  Slideshow 

* Shares in Blue Dart Express gain 11 percent, after
earlier rising as much as 17 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.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

WTO Row

WTO Row

Kerry presses India on global trade deal as deadline looms  Full Article 

Fed Policy

Fed Policy

Fed presses forward with bond buying, cites uptick in inflation.  Full Article 

Q2 Profit Slips

Q2 Profit Slips

Samsung sees tough second half  Full Article 

Chinese Economy

Chinese Economy

China should set lower 2015 GDP growth target of 6.5-7 percent - IMF  Full Article 

Default Imminent

Default Imminent

Argentina fails to reach debt agreement   Full Article 

Economy Reboots

Economy Reboots

U.S. economy back on track with strong second-quarter rebound  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage