Blue Dart jumps 10% on BSE

The scrip soared over 10 per cent to an intra-day high of Rs 684, as against Friday's close of Rs 618.05. The shares finally settled up 5.84 per cent to Rs 655, while 7,727 shares of the company changed hands at the Bombay Stock Exchange.     

On the National Stock Exchange, the scrip closed at 655, up 5.52 per cent after touching an intra-day high of Rs 683.9. The NSE had written to the officials of the company to verify the information reported in the media for safeguarding investors interest.

In response, Blue Dart said in a filing today that, "With reference to the news item appearing in a financial newspaper ... The company is unaware of any such move."     

The report stated that DHL is planning to make an open offer to shares of Blue Dart, a move aimed at delisting the courier firm from the domestic bourses, making it a fully owned subsidiary of the International logistics firm.     
As on December 2007, DHL Express Singapore Pte, a subsidiary of DHL, held 81.03 per cent stake in Blue Dart.     
Blue Dart has the extensive domestic network covering over 17,500 locations, and service more than 220 countries and territories worldwide through its sales alliance with DHL.