Blue Dart Express has dipped 4% to Rs 1,650 on the National Stock Exchange (NSE) after the promoters announced their plans to sell 6.03% stake through offer for sale (OFS) route.
“DHL Express (Singapore) Pte Ltd, has submitted a notice of Offer for Sale (OFS) an aggregate of 1.43 million equity shares of Rs 10 each of Blue Dart Express representing 6.03% of the equity share capital of the company through a sale on the separate window provided by the stock exchanges for this purpose,” Blue Dart Express said in a filing.
The sale would take place on the separate window of the BSE and the NSE and would begin on November 23 (Friday) at 9.15 a.m. and close at 3.30 p.m. (normal market hours), it added. The company said the floor price of the sale would be announced after market hours on Thursday.
The stock opened at Rs 1,600 and has seen a combined around 1,000 shares changing hands in opening deals on both the exchanges.