Deutsche Post DHL to reduce its stake in Blue Dart Express

05 Sep '12

1 min read

Deutsche Post DHL, the world's leading postal and logistics group, announced its intention to reduce its stake held through its subsidiary, DHL Express Singapore Pte Ltd., in Blue Dart Express Ltd. in order to enable Blue Dart Express Ltd. to comply with the minimum public shareholding requirements set out in Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”).

In terms of the SCRR, listed companies are required to increase their public shareholding to at least 25 per cent latest by 03 June 2013. Deutsche Post DHL will follow through with its intention subject to market conditions and/or the applicable regulatory framework.

The future collaboration between Blue Dart Express Ltd. and Deutsche Post DHL will not be affected by this transaction at all and Deutsche Post DHL remains fully committed to the Indian market.

Deutsche Post DHL is the world’s leading mail and logistics services group. The Deutsche Post and DHL corporate brands represent a one-of-a-kind portfolio of logistics (DHL) and communications (Deutsche Post) services.

Deutsche Post DHL

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