November 22, 2012 / 5:32 AM / 5 years ago

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

1 Min Read

* 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)

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